Victory Capital Management Inc. Increases Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Victory Capital Management Inc. increased its position in Toll Brothers, Inc. (NYSE:TOL) by 93.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 385,024 shares of the construction company’s stock after buying an additional 185,746 shares during the period. Victory Capital Management Inc.’s holdings in Toll Brothers were worth $39,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. Castleview Partners LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth about $37,000. Baker Avenue Asset Management LP raised its holdings in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp lifted its position in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after buying an additional 156 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Toll Brothers during the fourth quarter worth approximately $76,000. Finally, Western Pacific Wealth Management LP increased its position in shares of Toll Brothers by 103.3% in the third quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock worth $90,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TOL. Seaport Res Ptn cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research note on Monday, January 8th. Finally, Wedbush reiterated a “neutral” rating and set a $87.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Stock Up 3.3 %

Shares of Toll Brothers stock opened at $127.77 on Tuesday. Toll Brothers, Inc. has a twelve month low of $63.00 and a twelve month high of $130.63. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.03 and a beta of 1.67. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $120.67 and its 200-day simple moving average is $103.05.

Toll Brothers (NYSE:TOL) last posted its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. Equities research analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio is 7.11%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock worth $7,881,930 over the last quarter. 1.54% of the stock is currently owned by company insiders.

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.