Centiva Capital LP Has $2.36 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Centiva Capital LP reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 43.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,243 shares of the construction company's stock after selling 11,852 shares during the period. Centiva Capital LP's holdings in Toll Brothers were worth $2,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after buying an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock valued at $94,000 after buying an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock worth $363,000 after acquiring an additional 83 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC grew its stake in Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock worth $212,000 after purchasing an additional 89 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, August 22nd. Oppenheimer lifted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Wells Fargo & Company increased their target price 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. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Monday. Finally, Bank of America increased their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.87.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $0.93 on Tuesday, hitting $162.98. The company's stock had a trading volume of 329,732 shares, compared to its average volume of 1,342,286. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a 12 month low of $86.38 and a 12 month high of $169.52. The stock's 50-day moving average is $153.72 and its two-hundred day moving average is $137.83.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Toll Brothers's dividend payout ratio is presently 6.34%.

Toll Brothers Company Profile

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.