Virtu Financial LLC Purchases 5,400 Shares of Toll Brothers, Inc. (NYSE:TOL)

Virtu Financial LLC raised its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 175.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,477 shares of the construction company's stock after purchasing an additional 5,400 shares during the period. Virtu Financial LLC's holdings in Toll Brothers were worth $1,310,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TOL. Invst LLC bought a new stake in shares of Toll Brothers in the 3rd quarter valued at $262,000. TCW Group Inc. grew its stake in Toll Brothers by 3.1% in the third quarter. TCW Group Inc. now owns 77,974 shares of the construction company's stock valued at $12,046,000 after acquiring an additional 2,328 shares during the period. Toronto Dominion Bank increased its holdings in shares of Toll Brothers by 59.9% in the third quarter. Toronto Dominion Bank now owns 3,197 shares of the construction company's stock worth $494,000 after acquiring an additional 1,197 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Toll Brothers by 32.4% during the third quarter. Coldstream Capital Management Inc. now owns 24,965 shares of the construction company's stock worth $3,842,000 after purchasing an additional 6,106 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company's stock valued at $333,444,000 after purchasing an additional 84,652 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $168.00 to $164.00 in a report on Tuesday. Barclays boosted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, August 22nd. Oppenheimer reissued an "outperform" rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday. Finally, StockNews.com lowered Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.53.

Toll Brothers Stock Performance

NYSE TOL traded down $4.60 on Friday, hitting $133.86. 2,503,668 shares of the stock were exchanged, compared to its average volume of 1,372,502. The business's fifty day moving average is $153.40 and its 200 day moving average is $139.08. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52. The company has a market capitalization of $13.52 billion, a PE ratio of 8.91, a P/E/G ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the business earned $4.11 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers, Inc. will post 14.55 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. Toll Brothers's dividend payout ratio is currently 6.12%.

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.