XTX Topco Ltd Trims Holdings in Toll Brothers, Inc. (NYSE:TOL)

XTX Topco Ltd lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,791 shares of the construction company’s stock after selling 573 shares during the period. XTX Topco Ltd’s holdings in Toll Brothers were worth $3,058,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the third quarter valued at approximately $27,000. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 valued at $42,000 after acquiring an additional 207 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TOL. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Bank of America raised their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada upped their price objective on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Down 0.0 %

TOL stock opened at $154.10 on Friday. The firm’s 50-day moving average is $154.06 and its two-hundred day moving average is $138.45. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. Toll Brothers, Inc. has a 52 week low of $89.75 and a 52 week high of $169.52. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers Announces Dividend

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

Insider Buying and Selling at Toll Brothers

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

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.