Marshall Wace LLP increased its position in shares of Toll Brothers Inc (NYSE:TOL) by 843.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,071,725 shares of the construction company’s stock after purchasing an additional 958,130 shares during the quarter. Marshall Wace LLP owned approximately 0.73% of Toll Brothers worth $35,399,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Toll Brothers by 1.5% in the second quarter. FMR LLC now owns 8,806,109 shares of the construction company’s stock valued at $325,738,000 after acquiring an additional 133,116 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Toll Brothers by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,913,438 shares of the construction company’s stock valued at $181,742,000 after acquiring an additional 49,828 shares during the last quarter. Greenhaven Associates Inc. boosted its stake in Toll Brothers by 0.4% in the third quarter. Greenhaven Associates Inc. now owns 4,106,475 shares of the construction company’s stock valued at $135,637,000 after acquiring an additional 17,500 shares during the last quarter. Franklin Resources Inc. boosted its stake in Toll Brothers by 130.4% in the third quarter. Franklin Resources Inc. now owns 3,787,086 shares of the construction company’s stock valued at $125,088,000 after acquiring an additional 2,143,480 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Toll Brothers by 9.7% in the second 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 acquiring an additional 309,953 shares during the last quarter. Institutional investors and hedge funds own 83.90% of the company’s stock.
Shares of NYSE TOL traded up $0.62 during midday trading on Friday, hitting $33.82. The company’s stock had a trading volume of 63,901 shares, compared to its average volume of 3,998,745. Toll Brothers Inc has a one year low of $28.68 and a one year high of $52.73. The company has a quick ratio of 0.88, a current ratio of 6.83 and a debt-to-equity ratio of 0.78. The firm has a market cap of $4.86 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Equities analysts expect that Toll Brothers Inc will post 5.11 EPS for the current year.
A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Bank of America boosted their target price on shares of Toll Brothers from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Raymond James reiterated a “buy” rating and issued a $44.00 target price (down from $50.00) on shares of Toll Brothers in a research note on Thursday, August 23rd. Barclays reiterated a “sell” rating and issued a $37.00 target price (down from $39.00) on shares of Toll Brothers in a research note on Friday, September 14th. Finally, Mizuho set a $46.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Toll Brothers has an average rating of “Hold” and a consensus target price of $45.06.
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Toll Brothers Profile
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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