Lisanti Capital Growth LLC Has $1.14 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Lisanti Capital Growth LLC decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 42.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,360 shares of the construction company's stock after selling 5,390 shares during the period. Lisanti Capital Growth LLC's holdings in Toll Brothers were worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOL. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the third quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the second quarter worth $29,000. Massmutual Trust Co. FSB ADV increased its position in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. increased its position in shares of Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock valued at $38,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $0.22 during trading hours on Monday, hitting $157.37. 858,811 shares of the company's stock traded hands, compared to its average volume of 1,369,214. Toll Brothers, Inc. has a 52 week low of $78.88 and a 52 week high of $160.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company's fifty day simple moving average is $149.67 and its two-hundred day simple moving average is $134.09. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $3.73 EPS. The business'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 fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, October 11th. Toll Brothers's payout ratio is 6.34%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TOL. Evercore ISI upped their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Wedbush upgraded shares of Toll Brothers from a "neutral" rating to an "outperform" rating and upped their target price for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Bank of America upped their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has a consensus 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 22,673 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Martin P. Connor sold 22,673 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock worth $32,602,152 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

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.