Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 26.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,350 shares of the construction company's stock after buying an additional 5,803 shares during the period. QRG Capital Management Inc.'s holdings in Toll Brothers were worth $4,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TOL. Pacer Advisors Inc. grew its holdings in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock valued at $110,993,000 after buying an additional 431,160 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of Toll Brothers during the second quarter valued at $17,740,000. Marsico Capital Management LLC grew its holdings in shares of Toll Brothers by 24.5% during the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company's stock valued at $86,983,000 after buying an additional 148,562 shares during the last quarter. Finally, Interval Partners LP grew its holdings in shares of Toll Brothers by 842.9% during the first quarter. Interval Partners LP now owns 147,623 shares of the construction company's stock valued at $19,098,000 after buying an additional 131,966 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Toll Brothers stock traded down $2.24 during midday trading on Wednesday, reaching $151.34. The company had a trading volume of 2,504,631 shares, compared to its average volume of 1,372,809. Toll Brothers, Inc. has a 12-month low of $78.32 and a 12-month high of $160.12. The firm's fifty day simple moving average is $148.99 and its 200-day simple moving average is $133.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a market capitalization of $15.28 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.10 and a beta of 1.68.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers's dividend payout ratio is presently 6.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOL shares. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Royal Bank of Canada boosted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Wedbush raised shares of Toll Brothers from a "neutral" rating to an "outperform" rating and upped their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Finally, Evercore ISI upped their target price on Toll Brothers from $177.00 to $180.00 and gave the stock an "outperform" rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.87.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. 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 87,584 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,257 shares of company stock valued at $32,602,152. Corporate 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.