Cubist Systematic Strategies LLC lessened its holdings in Toll Brothers Inc (NYSE:TOL) by 75.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,669 shares of the construction company’s stock after selling 48,215 shares during the period. Cubist Systematic Strategies LLC’s holdings in Toll Brothers were worth $580,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in Toll Brothers in the second quarter valued at about $182,000. Parallel Advisors LLC grew its position in Toll Brothers by 1,850.4% in the second quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock valued at $193,000 after acquiring an additional 4,959 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Toll Brothers in the second quarter valued at about $201,000. Point72 Asia Hong Kong Ltd bought a new position in Toll Brothers in the first quarter valued at about $203,000. Finally, Creative Planning bought a new position in Toll Brothers in the second quarter valued at about $210,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

NYSE:TOL opened at $35.25 on Wednesday. The stock has a market cap of $5.28 billion, a PE ratio of 11.13, a PEG ratio of 0.50 and a beta of 1.35. The company has a current ratio of 6.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. Toll Brothers Inc has a 1-year low of $33.47 and a 1-year high of $52.73.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.23. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.81 billion. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. sell-side analysts anticipate that Toll Brothers Inc will post 4.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. Toll Brothers’s dividend payout ratio is currently 13.88%.

TOL has been the topic of a number of recent analyst reports. Bank of America lifted their target price on Toll Brothers from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Barclays restated a “sell” rating and set a $37.00 price target (down from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, July 24th. ValuEngine upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, Mizuho set a $46.00 price target on Toll Brothers and gave the stock a “buy” rating in a report on Friday, August 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $50.26.

In related news, Director Edward G. Boehne sold 17,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now directly owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.01% of the stock is owned by insiders.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds 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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