Victory Capital Management Inc. Has $49.20 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Victory Capital Management Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 390,647 shares of the construction company's stock after selling 102,569 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of Toll Brothers worth $49,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TOL. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers in the 3rd quarter valued at $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% during 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 during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 204 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares of the company's stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,622 shares of company stock worth $1,993,880. Corporate insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOL shares. Barclays reduced their price target on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th. Oppenheimer lowered their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com lowered Toll Brothers from a "hold" rating to a "sell" rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $147.57.

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Toll Brothers Stock Performance

Shares of TOL stock opened at $109.40 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 52 week low of $105.73 and a 52 week high of $169.52. The firm has a 50 day moving average of $125.14 and a 200-day moving average of $140.12. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results 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). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's dividend payout ratio (DPR) is currently 6.33%.

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.

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