BlackRock Inc. lessened its stake in Toll Brothers Inc (NYSE:TOL) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,794,263 shares of the construction company’s stock after selling 557,092 shares during the period. BlackRock Inc. owned about 10.72% of Toll Brothers worth $521,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in Toll Brothers by 1.5% in the 2nd quarter. FMR LLC now owns 8,806,109 shares of the construction company’s stock valued at $325,738,000 after purchasing an additional 133,116 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Toll Brothers by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,913,438 shares of the construction company’s stock valued at $181,742,000 after purchasing an additional 49,828 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in Toll Brothers by 0.4% in the 3rd quarter. Greenhaven Associates Inc. now owns 4,106,475 shares of the construction company’s stock valued at $135,637,000 after purchasing an additional 17,500 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Toll Brothers by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock valued at $129,127,000 after purchasing an additional 309,953 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Toll Brothers by 58.3% in the 3rd quarter. Prudential Financial Inc. now owns 1,727,967 shares of the construction company’s stock valued at $57,075,000 after purchasing an additional 636,371 shares during the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

Shares of TOL stock opened at $33.14 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 6.83 and a quick ratio of 0.88. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $52.73. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.25. Toll Brothers had a net margin of 10.47% and a return on equity of 15.93%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers Inc will post 5.11 EPS for the current fiscal year.

TOL has been the subject of several research reports. Deutsche Bank downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and dropped their target price for the company from $51.00 to $29.00 in a report on Monday, October 22nd. Bank of America downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Thursday, October 18th. Barclays reiterated a “sell” rating and issued a $37.00 target price (down previously from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. ValuEngine downgraded shares of Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Monday, September 24th. Finally, Evercore ISI upgraded shares of Toll Brothers to an “outperform” rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.06.

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About Toll Brothers

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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