20,364 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new position in Toll Brothers, Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 20,364 shares of the construction company’s stock, valued at approximately $2,346,000.

Several other large investors have also recently modified their holdings of the stock. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Toll Brothers by 114.5% during 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. Contravisory Investment Management Inc. bought a new position in shares of Toll Brothers in the first quarter worth about $34,000. Finally, Rise Advisors LLC purchased a new position in Toll Brothers in the 1st quarter worth about $35,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 0.3 %

Toll Brothers stock opened at $150.15 on Thursday. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $154.62. The stock has a market cap of $15.16 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. 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 stock has a 50-day moving average of $136.45 and a two-hundred day moving average of $126.09.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the business posted $3.73 EPS. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.31 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s payout ratio is 6.28%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated 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 directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the business’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 value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James reissued a “strong-buy” rating and issued a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Evercore ISI lifted their target price on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada increased their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Citigroup lowered their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.67.

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.