QRG Capital Management Inc. Boosts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

QRG Capital Management Inc. boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,771 shares of the construction company’s stock after acquiring an additional 3,421 shares during the quarter. QRG Capital Management Inc.’s holdings in Toll Brothers were worth $3,876,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after acquiring an additional 72 shares in the last quarter. Nilsine Partners LLC boosted its position in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Toll Brothers by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after acquiring an additional 109 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the subject of a number of research analyst reports. Evercore ISI upped their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. UBS Group dropped their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, Bank of America dropped their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Performance

Shares of TOL stock opened at $111.64 on Friday. The stock’s 50-day moving average price is $126.93 and its 200 day moving average price is $140.84. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11.15 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 52-week low of $108.86 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.82%. Toll Brothers’s dividend payout ratio is currently 6.33%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,622 shares of company stock worth $1,993,880. 1.54% of the stock is owned by insiders.

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.