Meadow Creek Investment Management LLC Trims Holdings in Toll Brothers Inc (NYSE:TOL)

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Meadow Creek Investment Management LLC cut its holdings in Toll Brothers Inc (NYSE:TOL) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,608 shares of the construction company’s stock after selling 7,696 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Toll Brothers were worth $1,853,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Sandy Spring Bank grew its position in Toll Brothers by 150.1% during the 1st quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock valued at $39,000 after purchasing an additional 647 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Toll Brothers during the 1st quarter valued at about $57,000. NEXT Financial Group Inc grew its position in Toll Brothers by 4,900.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,350 shares of the construction company’s stock valued at $86,000 after purchasing an additional 2,303 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Toll Brothers during the 2nd quarter valued at about $91,000. Finally, Spirit of America Management Corp NY grew its position in Toll Brothers by 18.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 4,285 shares of the construction company’s stock valued at $157,000 after purchasing an additional 670 shares during the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TOL traded down $0.22 during trading on Friday, reaching $38.24. 624,084 shares of the company traded hands, compared to its average volume of 1,926,424. The firm has a 50 day simple moving average of $35.94 and a 200-day simple moving average of $36.66. The company has a quick ratio of 1.21, a current ratio of 7.43 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.41 billion, a PE ratio of 8.12, a P/E/G ratio of 1.09 and a beta of 0.94. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $39.58.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. As a group, research analysts predict that Toll Brothers Inc will post 3.92 EPS for the current year.

Several analysts recently commented on TOL shares. SunTrust Banks started coverage on shares of Toll Brothers in a research report on Monday, August 12th. They set a “hold” rating and a $37.00 price objective on the stock. Bank of America set a $39.00 price objective on shares of Toll Brothers and gave the company a “hold” rating in a research report on Wednesday, August 21st. ValuEngine downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Co downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $36.37.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, 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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