Jump Financial LLC Acquires 3,721 Shares of Toll Brothers Inc. $TOL

Key Points

• Jump Financial LLC increased its holdings in Toll Brothers Inc. by 119.3%, acquiring an additional 3,721 shares, bringing its total ownership to 6,841 shares valued at $722,000.
• Institutional investors own 91.76% of Toll Brothers stock, with several firms like Balyasny Asset Management significantly increasing their stake by over 24,000% during the fourth quarter.
• Toll Brothers recently reported earnings of $3.73 per share, exceeding analysts' estimates, alongside an 8% increase in revenue year-over-year.

Jump Financial LLC lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 119.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,841 shares of the construction company's stock after purchasing an additional 3,721 shares during the period. Jump Financial LLC's holdings in Toll Brothers were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in shares of Toll Brothers by 3.6% during the 4th quarter. Stifel Financial Corp now owns 14,118 shares of the construction company's stock valued at $1,778,000 after purchasing an additional 495 shares in the last quarter. Quarry LP increased its holdings in shares of Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after acquiring an additional 290 shares during the last quarter. Northern Trust Corp boosted its stake in Toll Brothers by 20.4% in the 4th quarter. Northern Trust Corp now owns 911,160 shares of the construction company's stock valued at $114,761,000 after purchasing an additional 154,638 shares during the period. Alaethes Wealth LLC boosted its stake in Toll Brothers by 0.8% in the 4th quarter. Alaethes Wealth LLC now owns 18,572 shares of the construction company's stock valued at $2,339,000 after purchasing an additional 143 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James Financial restated a "strong-buy" rating and set a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Citigroup raised their target price on Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Bank of America lifted their target price on Toll Brothers from $132.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $147.85.

Toll Brothers Price Performance

Shares of TOL traded down $0.70 during midday trading on Tuesday, reaching $138.30. The stock had a trading volume of 1,380,640 shares, compared to its average volume of 1,550,005. The company's 50-day moving average is $124.89 and its 200 day moving average is $111.95. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the prior year, the business earned $3.60 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is 7.35%.

Insider Buying and Selling

In other news, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the sale, the chief operating officer owned 19,692 shares of the company's stock, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen F. East sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the transaction, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,601 shares of company stock worth $1,726,874. Insiders own 1.54% of the company's stock.

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.