Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 90.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,964 shares of the construction company’s stock after acquiring an additional 9,005 shares during the quarter. Virtu Financial LLC’s holdings in Toll Brothers were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Toll Brothers in the 4th quarter valued at about $36,000. Baker Avenue Asset Management LP lifted its stake 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 last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $67,000. GAMMA Investing LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $76,000. Finally, Northwest Financial Advisors purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $84,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL stock traded down $1.46 during trading on Friday, reaching $119.32. 1,224,486 shares of the company were exchanged, compared to its average volume of 1,491,136. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The stock’s 50 day moving average price is $121.43 and its 200 day moving average price is $111.88. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $135.37. The company has a market cap of $12.25 billion, a P/E ratio of 8.15, a PEG ratio of 0.97 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. Toll Brothers’s revenue was up 13.2% on a year-over-year basis. As a group, analysts predict that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,670 shares of company stock worth $2,586,315. 1.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TOL. Oppenheimer increased their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Argus raised their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company upped their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Finally, Wedbush restated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.20.

About Toll Brothers

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.