Victory Capital Management Inc. Increases Position in Toll Brothers, Inc. (NYSE:TOL)

Victory Capital Management Inc. lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 493,216 shares of the construction company’s stock after buying an additional 78,068 shares during the period. Victory Capital Management Inc. owned approximately 0.49% of Toll Brothers worth $76,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Heartland Consultants Inc. boosted its stake in shares of Toll Brothers by 12.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 2,159 shares of the construction company’s stock worth $334,000 after buying an additional 246 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Toll Brothers by 11.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,078 shares of the construction company’s stock worth $476,000 after buying an additional 320 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Toll Brothers by 59.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company’s stock worth $1,074,000 after buying an additional 2,600 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Toll Brothers by 3,566.7% in the 3rd quarter. Rakuten Securities Inc. now owns 550 shares of the construction company’s stock worth $85,000 after purchasing an additional 535 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of Toll Brothers by 9.0% in the 3rd quarter. Harbour Investments Inc. now owns 2,768 shares of the construction company’s stock worth $428,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock worth $32,602,152 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of a number of research reports. Barclays lifted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Finally, Bank of America lifted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Stock Down 0.1 %

TOL opened at $151.69 on Thursday. The company has a fifty day moving average price of $150.18 and a 200-day moving average price of $134.60. The firm has a market capitalization of $15.32 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.13 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a one year low of $82.87 and a one year high of $160.12.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.73 EPS. Equities research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.