Schroder Investment Management Group Invests $2.90 Million in Toll Brothers Inc (TOL)

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Schroder Investment Management Group bought a new stake in shares of Toll Brothers Inc (NYSE:TOL) in the third quarter, HoldingsChannel reports. The institutional investor bought 87,800 shares of the construction company’s stock, valued at approximately $2,900,000.

Several other institutional investors have also made changes to their positions in the stock. Chartwell Investment Partners LLC raised its holdings in shares of Toll Brothers by 3.2% during the third quarter. Chartwell Investment Partners LLC now owns 51,697 shares of the construction company’s stock valued at $1,708,000 after acquiring an additional 1,612 shares in the last quarter. Condor Capital Management raised its holdings in Toll Brothers by 3.5% in the third quarter. Condor Capital Management now owns 50,241 shares of the construction company’s stock worth $1,659,000 after purchasing an additional 1,693 shares in the last quarter. Swiss National Bank raised its holdings in Toll Brothers by 0.4% in the second quarter. Swiss National Bank now owns 484,033 shares of the construction company’s stock worth $17,904,000 after purchasing an additional 1,700 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Toll Brothers by 7.4% in the third quarter. Janney Montgomery Scott LLC now owns 26,666 shares of the construction company’s stock worth $881,000 after purchasing an additional 1,838 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its holdings in Toll Brothers by 4.5% in the third quarter. Investment Counselors of Maryland LLC now owns 48,637 shares of the construction company’s stock worth $1,606,000 after purchasing an additional 2,105 shares in the last quarter. Institutional investors own 83.90% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Toll Brothers from a “strong sell” rating to a “sell” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Toll Brothers in a report on Tuesday. Royal Bank of Canada downgraded Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price objective for the company. in a report on Thursday. Raymond James reiterated a “buy” rating and issued a $44.00 price objective (down previously from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Finally, Barclays decreased their price objective on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, December 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Toll Brothers presently has an average rating of “Hold” and an average price target of $45.06.

NYSE TOL opened at $33.14 on Friday. Toll Brothers Inc has a 12 month low of $28.68 and a 12 month high of $52.73. The firm has a market capitalization of $4.89 billion, a PE ratio of 6.97, a P/E/G ratio of 0.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 6.83.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.25. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers Inc will post 5.11 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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