Bramshill Investments LLC purchased a new stake in Toll Brothers Inc (NYSE:TOL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,220 shares of the construction company’s stock, valued at approximately $637,000.
Other large investors have also recently made changes to their positions in the company. Laurion Capital Management LP lifted its holdings in shares of Toll Brothers by 63.6% during the 2nd quarter. Laurion Capital Management LP now owns 74,498 shares of the construction company’s stock worth $2,756,000 after acquiring an additional 28,969 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in shares of Toll Brothers by 61.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 78,811 shares of the construction company’s stock worth $2,916,000 after acquiring an additional 30,039 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Toll Brothers by 43.2% during the 2nd quarter. GAM Holding AG now owns 28,753 shares of the construction company’s stock worth $1,048,000 after acquiring an additional 8,677 shares during the last quarter. Sib LLC bought a new stake in shares of Toll Brothers during the 2nd quarter worth $2,565,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Toll Brothers during the 2nd quarter worth $1,604,000. 79.49% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on TOL. Raymond James reaffirmed a “buy” rating and set a $44.00 price objective (down from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Barclays set a $39.00 price objective on shares of Toll Brothers and gave the stock an “underweight” rating in a report on Wednesday, May 23rd. Wedbush lifted their price objective on shares of Toll Brothers from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, May 22nd. ValuEngine downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Finally, Zacks Investment Research downgraded shares of Toll Brothers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.26.
In related news, Director Edward G. Boehne sold 17,000 shares of Toll Brothers stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now owns 99,598 shares in the company, valued at approximately $3,748,868.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.78% of the stock is owned by company insiders.
Shares of NYSE:TOL opened at $36.78 on Monday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Toll Brothers Inc has a 52 week low of $33.47 and a 52 week high of $52.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 21st. The construction company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. The firm’s revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. equities analysts forecast that Toll Brothers Inc will post 4.46 earnings per share for the current fiscal year.
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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