Centiva Capital LP Trims Stock Position in Toll Brothers, Inc. (NYSE:TOL)

by · The Cerbat Gem

Centiva Capital LP lessened its holdings in Toll Brothers, Inc. (NYSE:TOL – Free Report) by 43.7% during the 3rd quarter, Holdings Channel reports. The firm owned 15,243 shares of the construction company’s stock after selling 11,852 shares during the quarter. Centiva Capital LP’s holdings in Toll Brothers were worth $2,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TOL. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers in the third quarter worth $27,000. Larson Financial Group LLC increased its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the second quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $16,435,800 over the last ninety days. 1.54% of the stock is currently owned by insiders.

Toll Brothers Price Performance

NYSE TOL opened at $163.91 on Tuesday. 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 stock has a market capitalization of $16.55 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company has a 50 day moving average price of $153.72 and a two-hundred day moving average price of $137.83. Toll Brothers, Inc. has a 12-month low of $86.38 and a 12-month high of $169.52.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Royal Bank of Canada raised their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $148.87.

Read Our Latest Stock Report on Toll Brothers

Toll Brothers Profile

(Free Report)

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.

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