Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Toll Brothers, Inc. (NYSE:TOL) by 30.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,776 shares of the construction company’s stock after selling 12,727 shares during the quarter. Victory Capital Management Inc.’s holdings in Toll Brothers were worth $1,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. JPMorgan Chase & Co. raised its holdings in shares of Toll Brothers by 178.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,727,260 shares of the construction company’s stock worth $81,388,000 after purchasing an additional 1,106,636 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Toll Brothers by 16.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 640,207 shares of the construction company’s stock worth $27,830,000 after acquiring an additional 88,161 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Toll Brothers by 3,736.2% during the third quarter. Neuberger Berman Group LLC now owns 345,680 shares of the construction company’s stock worth $16,803,000 after purchasing an additional 336,669 shares during the period. Roosevelt Investment Group Inc. boosted its position in shares of Toll Brothers by 65.2% in the 3rd quarter. Roosevelt Investment Group Inc. now owns 294,602 shares of the construction company’s stock valued at $14,335,000 after purchasing an additional 116,238 shares during the period. Finally, Davis R M Inc. increased its stake in Toll Brothers by 41.0% in the 4th quarter. Davis R M Inc. now owns 276,418 shares of the construction company’s stock worth $12,016,000 after purchasing an additional 80,434 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.

NYSE TOL opened at $53.65 on Tuesday. The stock has a 50-day simple moving average of $50.06 and a 200 day simple moving average of $46.48. Toll Brothers, Inc. has a twelve month low of $13.28 and a twelve month high of $56.96. The stock has a market capitalization of $6.59 billion, a PE ratio of 15.55, a P/E/G ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.37 and a current ratio of 5.82.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Sunday, December 6th. The construction company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.32. Toll Brothers had a return on equity of 9.42% and a net margin of 6.31%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business posted $1.41 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 4.58 EPS for the current fiscal year.

Several equities research analysts recently commented on TOL shares. Raymond James upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Monday, October 26th. BTIG Research increased their price objective on Toll Brothers from $36.00 to $40.00 and gave the stock a “sell” rating in a research note on Monday, December 7th. Zelman & Associates cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Monday, October 26th. UBS Group initiated coverage on shares of Toll Brothers in a report on Tuesday, December 8th. They set a “buy” rating and a $62.00 price target for the company. Finally, Truist upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Thursday, November 19th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Toll Brothers has an average rating of “Hold” and a consensus price target of $45.63.

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Friday, January 22nd. The shares were sold at an average price of $50.75, for a total value of $253,750.00. Following the completion of the sale, the chief financial officer now owns 58,127 shares in the company, valued at $2,949,945.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 10,000 shares of Toll Brothers stock in a transaction dated Wednesday, February 10th. The stock was sold at an average price of $55.75, for a total value of $557,500.00. Following the sale, the chief financial officer now directly owns 57,830 shares in the company, valued at $3,224,022.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,719 shares of company stock valued at $1,489,929. Corporate insiders own 10.94% of the company’s stock.

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. The company operates in two segments, Traditional Home Building and Urban Infill. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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