Victory Capital Management Inc. reduced its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 98.0% during the second quarter, Holdings Channel reports. The fund owned 55,856 shares of the company’s stock after selling 2,789,522 shares during the period. Victory Capital Management Inc.’s holdings in Toll Brothers were worth $1,503,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TOL. UBS Asset Management Americas Inc. raised its stake in shares of Toll Brothers by 0.9% in the second quarter. UBS Asset Management Americas Inc. now owns 372,735 shares of the company’s stock valued at $10,031,000 after buying an additional 3,346 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Toll Brothers by 0.9% in the second quarter. Nationwide Fund Advisors now owns 273,090 shares of the company’s stock valued at $7,349,000 after buying an additional 2,367 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Toll Brothers by 2.8% in the second quarter. Oppenheimer & Co. Inc. now owns 41,038 shares of the company’s stock valued at $1,104,000 after buying an additional 1,100 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Toll Brothers by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 1,628,596 shares of the company’s stock valued at $43,826,000 after buying an additional 518,527 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Toll Brothers during the second quarter valued at about $667,000. Hedge funds and other institutional investors own 76.73% of the company’s stock.

Shares of Toll Brothers Inc. (NYSE:TOL) traded down 0.99% during trading on Tuesday, hitting $29.10. 2,768,867 shares of the stock traded hands. Toll Brothers Inc. has a 1-year low of $23.75 and a 1-year high of $38.15. The stock has a 50-day moving average of $29.38 and a 200 day moving average of $28.45. The company has a market cap of $4.77 billion, a P/E ratio of 12.53 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 23rd. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company earned $1.27 billion during the quarter. Toll Brothers had a net margin of 8.73% and a return on equity of 9.98%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities research analysts predict that Toll Brothers Inc. will post $2.50 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. RBC Capital Markets reiterated a “sector perform” rating and issued a $35.00 price target (up from $32.00) on shares of Toll Brothers in a research note on Thursday, August 25th. Buckingham Research lifted their price target on shares of Toll Brothers from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Citigroup Inc. lifted their price target on shares of Toll Brothers from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. Keefe, Bruyette & Woods lifted their price target on shares of Toll Brothers from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, August 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.12.

In other news, President Richard T. Hartman sold 18,310 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total value of $567,976.20. Following the completion of the sale, the president now owns 47,937 shares in the company, valued at $1,487,005.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.51% of the stock is currently owned by insiders.

Toll Brothers Company Profile

Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.

5 Day Chart for NYSE:TOL

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL).

Receive News & Ratings for Toll Brothers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.