Robeco Institutional Asset Management B.V. raised its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 168.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,012 shares of the construction company’s stock after buying an additional 12,553 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Toll Brothers were worth $791,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Toll Brothers by 7,882.3% during the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock valued at $596,546,000 after buying an additional 16,313,307 shares during the last quarter. Vanguard Group Inc. raised its stake in Toll Brothers by 7.2% during the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock valued at $441,150,000 after buying an additional 815,737 shares during the last quarter. FMR LLC raised its stake in Toll Brothers by 34.9% during the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock valued at $287,997,000 after buying an additional 2,065,250 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Toll Brothers by 8.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock valued at $190,012,000 after buying an additional 396,190 shares during the last quarter. Finally, Capital Growth Management LP raised its stake in Toll Brothers by 110.7% during the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after buying an additional 1,550,000 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
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Toll Brothers Inc. (NYSE TOL) traded down 0.51% during midday trading on Friday, hitting $39.01. The company had a trading volume of 660,633 shares. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07. The firm has a market capitalization of $6.17 billion, a P/E ratio of 14.54 and a beta of 1.49. The company has a 50 day moving average price of $38.87 and a 200 day moving average price of $37.72.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $0.61 EPS. Toll Brothers’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers Inc. will post $3.20 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. KeyCorp reaffirmed a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Credit Suisse Group started coverage on Toll Brothers in a report on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price objective for the company. Citigroup Inc. lifted their price objective on Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Buckingham Research lowered Toll Brothers from a “buy” rating to a “neutral” rating in a report on Wednesday, May 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $40.67.
In other news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $39.45, for a total transaction of $78,900.00. Following the transaction, the chief financial officer now directly owns 34,836 shares in the company, valued at approximately $1,374,280.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total value of $284,100.00. Following the transaction, the director now owns 110,373 shares in the company, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,400 shares of company stock worth $1,357,884. Insiders own 8.78% of the company’s stock.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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