Versor Investments LP Buys New Position in Toll Brothers, Inc. (NYSE:TOL)

Versor Investments LP purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,261 shares of the construction company’s stock, valued at approximately $349,000.

Several other large investors have also bought and sold shares of TOL. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the third quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers in the 2nd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV increased its stake in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. This trade represents a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 in the last ninety days. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 0.7 %

Shares of TOL opened at $152.67 on Friday. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. The stock has a market cap of $15.42 billion, a PE ratio of 10.52, a P/E/G ratio of 1.13 and a beta of 1.68. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $150.73 and its 200-day moving average price is $134.85.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping 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 firm posted $3.73 EPS. Toll Brothers’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TOL shares. Barclays lifted their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Oppenheimer boosted their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

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.