GSA Capital Partners LLP Trims Stake in Toll Brothers, Inc. (NYSE:TOL)

GSA Capital Partners LLP lessened its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 69.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,483 shares of the construction company's stock after selling 10,337 shares during the quarter. GSA Capital Partners LLP's holdings in Toll Brothers were worth $693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. increased its holdings in shares of Toll Brothers by 9.0% in the third quarter. Harbour Investments Inc. now owns 2,768 shares of the construction company's stock valued at $428,000 after purchasing an additional 229 shares during the last quarter. Versor Investments LP acquired a new stake in Toll Brothers during the third quarter worth $349,000. United Capital Management of KS Inc. acquired a new stake in Toll Brothers during the third quarter worth $5,343,000. GDS Wealth Management acquired a new stake in Toll Brothers during the third quarter worth $482,000. Finally, Chartwell Investment Partners LLC increased its stake in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock worth $5,453,000 after acquiring an additional 14,092 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Barclays lifted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, August 22nd. Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Seaport Res Ptn downgraded Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. Finally, Wedbush raised 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.87.

Toll Brothers Stock Performance

TOL stock traded down $0.20 during trading on Monday, hitting $152.47. The company had a trading volume of 662,074 shares, compared to its average volume of 1,358,975. The firm has a market cap of $15.40 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. Toll Brothers, Inc. has a 1-year low of $84.40 and a 1-year high of $160.12. The firm has a 50-day moving average price of $151.01 and a 200-day moving average price of $135.29. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.73 EPS. On average, analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers's payout ratio is 6.34%.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 221,382 shares of the company's stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This trade represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,257 shares of company stock worth $32,602,152. Company insiders own 1.54% of the company's stock.

Toll Brothers 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.