Russell Investments Group Ltd. reduced its stake in Toll Brothers Inc (NYSE:TOL) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,122 shares of the construction company’s stock after selling 23,638 shares during the period. Russell Investments Group Ltd. owned 0.08% of Toll Brothers worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Toll Brothers in the second quarter worth approximately $101,000. Advisors Asset Management Inc. grew its holdings in Toll Brothers by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after acquiring an additional 1,017 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares during the last quarter. Aviance Capital Management LLC bought a new position in shares of Toll Brothers in the 2nd quarter valued at about $151,000. Finally, Toronto Dominion Bank boosted its stake in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares during the last quarter. 82.52% of the stock is owned by institutional investors.
TOL has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 10th. UBS began coverage on shares of Toll Brothers in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price on the stock. MKM Partners raised their target price on shares of Toll Brothers to $54.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.93.
In related news, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares of the company’s stock, valued at $1,252,718. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Braemer sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the transaction, the director now directly owns 82,873 shares of the company’s stock, valued at approximately $3,857,738.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,687 shares of company stock valued at $3,771,390. 8.78% of the stock is owned by insiders.
Toll Brothers Inc (NYSE:TOL) traded down $0.13 during midday trading on Tuesday, hitting $47.74. 3,311,300 shares of the stock were exchanged, compared to its average volume of 2,014,705. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers Inc has a 12 month low of $30.44 and a 12 month high of $51.08. The firm has a market capitalization of $7,830.33, a P/E ratio of 15.01, a PEG ratio of 1.24 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. Toll Brothers’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. sell-side analysts predict that Toll Brothers Inc will post 3.63 earnings per share for the current fiscal year.
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Toll Brothers Company 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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