Utah Retirement Systems trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,705 shares of the construction company’s stock after selling 400 shares during the period. Utah Retirement Systems’ holdings in Toll Brothers were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TOL. BlackRock Inc. grew its holdings 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 purchasing an additional 16,313,307 shares during the period. FMR LLC grew its holdings 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 purchasing an additional 2,065,250 shares during the period. Capital Growth Management LP grew its holdings 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 purchasing an additional 1,550,000 shares during the period. Systematic Financial Management LP bought a new position in Toll Brothers during the first quarter valued at $46,928,000. Finally, Prudential Financial Inc. lifted its position in shares of Toll Brothers by 610.5% during the first quarter. Prudential Financial Inc. now owns 1,003,321 shares of the construction company’s stock worth $36,230,000 after acquiring an additional 862,110 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Douglas C. Jr. Yearley sold 5,500 shares of Toll Brothers stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $39.78, for a total value of $218,790.00. Following the sale, the chief executive officer now owns 180,527 shares in the company, valued at $7,181,364.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total transaction 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. In the last 90 days, insiders have sold 32,400 shares of company stock worth $1,278,984. 8.78% of the stock is owned by company insiders.
Shares of Toll Brothers Inc. (TOL) opened at 39.75 on Friday. The stock’s 50 day moving average is $38.95 and its 200-day moving average is $37.88. Toll Brothers Inc. has a 12 month low of $26.65 and a 12 month high of $41.07. The company has a market cap of $6.29 billion, a P/E ratio of 14.82 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last issued its earnings results 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. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post $3.20 EPS for the current year.
TOL has been the topic of several recent research reports. BidaskClub downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Barclays PLC downgraded Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research report on Thursday, August 24th. Mizuho reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Finally, Bank of America Corporation increased their price objective on Toll Brothers from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.67.
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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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