5,167 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,167 shares of the construction company’s stock, valued at approximately $798,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its position in shares of Toll Brothers by 15.4% during the 3rd quarter. Quantinno Capital Management LP now owns 60,681 shares of the construction company’s stock worth $9,375,000 after buying an additional 8,107 shares during the period. Redwood Investment Management LLC lifted its holdings in shares of Toll Brothers by 4.0% during the third quarter. Redwood Investment Management LLC now owns 12,856 shares of the construction company’s stock valued at $1,997,000 after acquiring an additional 493 shares during the period. Point72 DIFC Ltd lifted its holdings in shares of Toll Brothers by 2,699.7% during the third quarter. Point72 DIFC Ltd now owns 41,155 shares of the construction company’s stock valued at $6,358,000 after acquiring an additional 39,685 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at $62,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Toll Brothers by 0.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 165,311 shares of the construction company’s stock worth $25,539,000 after purchasing an additional 635 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TOL shares. Oppenheimer boosted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Insider Activity

In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the sale, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. This represents a 7.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 0.0 %

Shares of Toll Brothers stock opened at $154.10 on Friday. The stock has a market cap of $15.56 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The business has a fifty day simple moving average of $154.06 and a 200 day simple moving average of $138.51. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12 month low of $89.75 and a 12 month high of $169.52.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

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.