Centiva Capital LP Sells 11,852 Shares of Toll Brothers, Inc. (NYSE:TOL)

Centiva Capital LP trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TOL. Capital Performance Advisors LLP acquired a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers in the second quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Toll Brothers by 114.5% in the second 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 period. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers 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 sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents 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 in the last 90 days. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 0.8 %

Shares of Toll Brothers stock opened at $163.91 on Tuesday. Toll Brothers, Inc. has a fifty-two week low of $86.38 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a 50-day simple moving average of $153.72 and a two-hundred day simple moving average of $137.83. The company has a market cap of $16.55 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Toll Brothers Announces Dividend

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

Analyst Ratings Changes

TOL has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Company 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.