BT Investment Management Ltd bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 35,305 shares of the construction company’s stock, valued at approximately $1,395,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Toll Brothers by 1.8% during the 2nd quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares during the period. Vanguard Group Inc. lifted its position in shares of Toll Brothers by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after buying an additional 815,737 shares during the period. FMR LLC lifted its position in shares of Toll Brothers by 34.9% during the 1st quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock worth $287,997,000 after buying an additional 2,065,250 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Toll Brothers by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock worth $190,012,000 after buying an additional 396,190 shares during the period. Finally, Capital Growth Management LP lifted its position in shares of Toll Brothers by 110.7% during the 1st quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock worth $106,524,000 after buying an additional 1,550,000 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Several equities analysts recently commented on TOL shares. Royal Bank Of Canada restated a “buy” rating and set a $43.00 target price on shares of Toll Brothers in a research report on Monday, May 22nd. Buckingham Research downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Mizuho restated a “buy” rating and set a $44.00 target price on shares of Toll Brothers in a research report on Wednesday, May 24th. Bank of America Corporation reiterated a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Finally, Citigroup Inc. lifted their price objective on Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.67.

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In other news, CEO Douglas C. Jr. Yearley sold 5,500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $39.78, for a total value of $218,790.00. Following the completion of the transaction, the chief executive officer now directly owns 180,527 shares in the company, valued at approximately $7,181,364.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now owns 114,149 shares of the company’s stock, valued at $4,562,535.53. The disclosure for this sale can be found here. Insiders sold a total of 32,400 shares of company stock valued at $1,278,984 over the last quarter. 8.78% of the stock is owned by corporate insiders.

Shares of Toll Brothers Inc. (TOL) opened at 39.95 on Tuesday. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $41.07. The stock’s 50 day moving average price is $38.90 and its 200-day moving average price is $37.84. The company has a market cap of $6.32 billion, a P/E ratio of 14.89 and a beta of 1.49.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $0.61 EPS. Toll Brothers’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Toll Brothers Inc. will post $3.20 EPS for the current year.

Toll Brothers Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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