SG Americas Securities LLC Purchases 56,224 Shares of Toll Brothers Inc. $TOL

SG Americas Securities LLC raised its position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 505.4% during the third quarter, HoldingsChannel.com reports. The fund owned 67,348 shares of the construction company’s stock after buying an additional 56,224 shares during the quarter. SG Americas Securities LLC’s holdings in Toll Brothers were worth $9,303,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Toll Brothers during the second quarter worth approximately $64,000. Global Retirement Partners LLC grew its stake in Toll Brothers by 1,112.8% during the third quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after purchasing an additional 523 shares during the period. Friedenthal Financial increased its holdings in Toll Brothers by 587.2% in the third quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock worth $103,000 after purchasing an additional 640 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Toll Brothers by 201.7% in the second quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after buying an additional 585 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

Wall Street Analyst Weigh In

Several analysts have recently commented on TOL shares. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Evercore ISI restated an “in-line” rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Citizens Jmp began coverage on shares of Toll Brothers in a report on Wednesday. They set a “market outperform” rating and a $175.00 price objective on the stock. BTIG Research initiated coverage on shares of Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Citigroup started coverage on Toll Brothers in a research report on Wednesday. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.00.

Get Our Latest Analysis on TOL

Toll Brothers Stock Up 7.3%

Toll Brothers stock opened at $145.41 on Friday. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The firm’s fifty day moving average price is $136.22 and its two-hundred day moving average price is $132.67. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $149.79. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34.

Toll Brothers (NYSE:TOLGet Free Report) last posted its earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $4.63 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.37%.

Toll Brothers Profile

(Free Report)

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

See Also

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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