XTX Topco Ltd Sells 12,317 Shares of Toll Brothers, Inc. (NYSE:TOL)

XTX Topco Ltd lessened its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 62.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,474 shares of the construction company's stock after selling 12,317 shares during the period. XTX Topco Ltd's holdings in Toll Brothers were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC increased its stake in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after acquiring an additional 410,394 shares during the last quarter. Geode Capital Management LLC increased its position in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after purchasing an additional 35,001 shares during the last quarter. Invesco Ltd. raised its stake in shares of Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock worth $239,751,000 after purchasing an additional 236,402 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Toll Brothers during the 4th quarter valued at about $149,924,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of NYSE TOL traded up $2.06 during mid-day trading on Friday, hitting $93.87. The company had a trading volume of 1,437,255 shares, compared to its average volume of 1,533,913. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a market cap of $9.38 billion, a P/E ratio of 6.46, a PEG ratio of 1.02 and a beta of 1.48. The business's 50-day simple moving average is $106.17 and its 200-day simple moving average is $130.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

Analyst Ratings Changes

A number of research firms have issued reports on TOL. Royal Bank of Canada reduced their target price on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Finally, Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is 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.