OMC Financial Services LTD Acquires New Shares in Toll Brothers Inc. $TOL

Key Points

• OMC Financial Services acquired 18,878 Toll Brothers shares worth approximately $3.11 million in the second quarter, making TOL about 1% of its portfolio. Institutional investors and hedge funds collectively own 91.76% of the stock.
• Toll Brothers reported quarterly EPS of $2.72, beating estimates of $2.58, while revenue reached $2.53 billion. However, revenue declined 7.6% year over year, and shares were trading near $148.09.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $164.88. The company also pays a quarterly dividend of $0.26 per share, while two senior executives recently sold shares.

OMC Financial Services LTD acquired a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,878 shares of the construction company's stock, valued at approximately $3,110,000. Toll Brothers makes up approximately 1.0% of OMC Financial Services LTD's investment portfolio, making the stock its 27th largest position.

Other hedge funds have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC boosted its stake in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the third quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers in the third quarter valued at approximately $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Toll Brothers in the third quarter worth $37,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Down 0.1%

Shares of TOL stock opened at $148.09 on Monday. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The firm's fifty day simple moving average is $151.69 and its 200 day simple moving average is $146.41. The firm has a market capitalization of $13.84 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating 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 firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the company earned $3.50 EPS. The business's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is currently 7.87%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TOL. Truist Financial decreased their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Benchmark assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a "buy" rating for the company. Argus set a $170.00 price target on shares of Toll Brothers in a report on Tuesday, June 2nd. Weiss Ratings raised Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Barclays raised their price target on Toll Brothers from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $164.88.

Insider Activity

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

About Toll Brothers

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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