Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 18.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 493,216 shares of the construction company's stock after acquiring an additional 78,068 shares during the period. Victory Capital Management Inc. owned 0.49% of Toll Brothers worth $76,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Toll Brothers in the 3rd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its position in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock valued at $31,000 after purchasing an additional 142 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Toll Brothers by 202.7% in the 2nd 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 last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Up 1.3 %

Shares of TOL stock traded up $2.04 on Thursday, reaching $153.70. 939,381 shares of the stock were exchanged, compared to its average volume of 1,365,031. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.13 and a beta of 1.68. The business's 50 day moving average price is $150.42 and its 200 day moving average price is $134.72.

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

Toll Brothers Announces Dividend

The business also recently declared 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 0.60%. Toll Brothers's dividend payout ratio is currently 6.34%.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. StockNews.com lowered shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Barclays boosted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, August 22nd. Wedbush upgraded Toll Brothers from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $148.87.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was 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 directly owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 221,382 shares of the company's stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,257 shares of company stock worth $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.