Massachusetts Financial Services Co. MA Has $20.47 Million Position in Toll Brothers Inc. $TOL

Key Points

• Massachusetts Financial Services trimmed its stake in Toll Brothers by 14.5%, selling 25,699 shares and leaving it with 151,406 shares worth about $20.47 million (≈0.16% of the company).
• CEO Douglas C. Jr. Yearley sold 45,116 shares at an average of $160.42 (a 12.31% reduction in his holdings), and corporate insiders now own about 1.37% of the stock.
• Analysts have raised price targets (e.g., Wells Fargo, UBS, JPMorgan) and the consensus rating is a Moderate Buy with a $165.69 target; Toll Brothers recently beat EPS and revenue estimates and raised its quarterly dividend to $0.26.

Massachusetts Financial Services Co. MA reduced its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 151,406 shares of the construction company's stock after selling 25,699 shares during the period. Massachusetts Financial Services Co. MA owned about 0.16% of Toll Brothers worth $20,473,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TOL. Capital World Investors boosted its position in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company's stock valued at $716,625,000 after acquiring an additional 1,763,211 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company's stock valued at $307,263,000 after acquiring an additional 974,567 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Toll Brothers by 209.8% during the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company's stock valued at $126,700,000 after acquiring an additional 621,117 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Toll Brothers by 663.2% during the 3rd quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company's stock valued at $40,112,000 after acquiring an additional 252,329 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at about $33,811,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares of the company's stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

TOL has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Toll Brothers from $141.00 to $143.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. UBS Group lifted their target price on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Finally, Seaport Research Partners restated a "neutral" rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.69.

Toll Brothers Price Performance

NYSE:TOL opened at $140.45 on Thursday. The firm has a market cap of $13.30 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. Toll Brothers Inc. has a 12 month low of $90.78 and a 12 month high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. The company's 50-day moving average price is $146.69 and its two-hundred day moving average price is $141.04.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 12.26% and a return on equity of 16.83%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. On average, equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.26 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers's payout ratio is presently 7.43%.

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.

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