Mariner Investment Group LLC Makes New Investment in Toll Brothers Inc. $TOL

Mariner Investment Group LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the construction company’s stock, valued at approximately $1,648,000.

Several other large investors also recently modified their holdings of TOL. Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $37,000. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TOL shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Argus set a $170.00 price objective on shares of Toll Brothers in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Citigroup raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and upped their target price for the stock from $146.00 to $176.00 in a research note on Friday, July 10th. Finally, Truist Financial lowered their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Toll Brothers Trading Up 0.4%

NYSE:TOL opened at $149.09 on Friday. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $151.48 and a two-hundred day moving average price of $146.38. The company has a market cap of $13.94 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business earned $3.50 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.87%.

Toll Brothers 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.