SG Americas Securities LLC Has $25.76 Million Holdings in Toll Brothers Inc. $TOL

SG Americas Securities LLC increased its holdings in Toll Brothers Inc. (NYSE:TOL) by 182.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,498 shares of the construction company’s stock after purchasing an additional 123,150 shares during the quarter. SG Americas Securities LLC’s holdings in Toll Brothers were worth $25,759,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in Toll Brothers by 5.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 23,760 shares of the construction company’s stock worth $3,213,000 after purchasing an additional 1,288 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Toll Brothers by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock valued at $3,633,000 after buying an additional 81 shares during the period. Wedmont Private Capital acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $202,000. Greenhaven Associates Inc. raised its position in shares of Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after acquiring an additional 22,218 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Toll Brothers during the fourth quarter worth about $60,000. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada upped their target price on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Keefe, Bruyette & Woods raised their price target on shares of Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Citizens Jmp restated a “market outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th. Truist Financial started coverage on shares of Toll Brothers in a research note on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Toll Brothers Trading Down 2.8%

NYSE TOL opened at $133.11 on Friday. The stock has a market capitalization of $12.61 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.07 and a beta of 1.45. The business has a 50 day simple moving average of $149.14 and a 200 day simple moving average of $141.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. Research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, April 10th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is presently 7.14%.

Toll Brothers Company Profile

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.