Toll Brothers Inc. (TOL) Holdings Raised by Quantitative Investment Management LLC
Quantitative Investment Management LLC raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,500 shares of the construction company’s stock after acquiring an additional 76,900 shares during the period. Quantitative Investment Management LLC owned approximately 0.14% of Toll Brothers worth $8,830,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in TOL. BlackRock Inc. boosted its holdings in Toll Brothers by 7,882.3% during the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock valued at $596,546,000 after acquiring an additional 16,313,307 shares during the period. FMR LLC boosted its holdings in Toll Brothers by 34.9% during the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock valued at $287,997,000 after acquiring an additional 2,065,250 shares during the period. Capital Growth Management LP boosted its holdings in Toll Brothers by 110.7% during the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after acquiring an additional 1,550,000 shares during the period. Systematic Financial Management LP bought a new stake in Toll Brothers during the first quarter valued at about $46,928,000. Finally, Vanguard Group Inc. boosted its holdings in Toll Brothers by 7.2% during the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock valued at $441,150,000 after acquiring an additional 815,737 shares during the period. Institutional investors own 80.69% of the company’s stock.
In other Toll Brothers news, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction dated 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 sale, the director now owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the completion of the sale, the director now directly owns 110,373 shares of the company’s stock, valued at approximately $4,180,929.24. 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 in the last three months. Insiders own 8.78% of the company’s stock.
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A number of research firms have issued reports on TOL. BidaskClub cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. KeyCorp restated a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Credit Suisse Group began coverage on shares of Toll Brothers in a report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price target for the company. Citigroup Inc. upped their price target on shares of Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Finally, Wedbush restated a “neutral” rating and set a $37.00 price target (down from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.67.
Toll Brothers Inc. (TOL) opened at 39.84 on Friday. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 14.85 and a beta of 1.49. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $41.07. The company has a 50-day moving average of $38.95 and a 200 day moving average of $37.88.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.19. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities research analysts anticipate that Toll Brothers Inc. will post $3.20 EPS for the current year.
About Toll Brothers
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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