Wellington Management Group LLP lowered its position in shares of Toll Brothers Inc. (NYSE:TOL) by 43.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,349,871 shares of the company’s stock after selling 1,018,046 shares during the period. Wellington Management Group LLP owned about 0.77% of Toll Brothers worth $39,835,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of TOL. Geode Capital Management LLC boosted its stake in shares of Toll Brothers by 2.6% in the first quarter. Geode Capital Management LLC now owns 996,330 shares of the company’s stock worth $29,383,000 after buying an additional 25,131 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Toll Brothers by 22.8% in the first quarter. Riverhead Capital Management LLC now owns 40,268 shares of the company’s stock worth $1,189,000 after buying an additional 7,468 shares during the last quarter. Covalent Partners LLC purchased a new position in Toll Brothers during the first quarter worth approximately $9,148,000. Quadrature Capital Ltd raised its position in Toll Brothers by 50.1% in the first quarter. Quadrature Capital Ltd now owns 21,673 shares of the company’s stock worth $640,000 after buying an additional 7,235 shares during the period. Finally, UBS Group AG raised its position in Toll Brothers by 110.7% in the first quarter. UBS Group AG now owns 319,084 shares of the company’s stock worth $9,417,000 after buying an additional 167,622 shares during the period.
Shares of Toll Brothers Inc. (NYSE:TOL) traded up 1.71% during trading on Tuesday, hitting $29.14. 3,546,142 shares of the stock traded hands. Toll Brothers Inc. has a 12 month low of $23.75 and a 12 month high of $42.19. The firm’s 50-day moving average price is $27.67 and its 200-day moving average price is $27.87. The stock has a market cap of $4.83 billion and a PE ratio of 14.06.
A number of research firms have recently commented on TOL. MKM Partners restated a “buy” rating on shares of Toll Brothers in a research report on Sunday, May 22nd. Barclays PLC reduced their price target on shares of Toll Brothers from $33.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, April 7th. Zacks Investment Research lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group AG restated a “buy” rating on shares of Toll Brothers in a research report on Thursday, May 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a $41.00 price target on shares of Toll Brothers in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Toll Brothers currently has an average rating of “Buy” and a consensus price target of $38.34.
In other news, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $29.11, for a total value of $87,330.00. Following the completion of the transaction, the director now owns 95,995 shares of the company’s stock, valued at $2,794,414.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.
