Emerald Advisers Inc. PA boosted its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 303,895 shares of the company’s stock after buying an additional 49,160 shares during the period. Emerald Advisers Inc. PA’s holdings in Toll Brothers were worth $8,178,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TOL. Creative Planning boosted its stake in Toll Brothers by 16.2% in the second quarter. Creative Planning now owns 5,915 shares of the company’s stock valued at $159,000 after buying an additional 823 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Toll Brothers during the first quarter valued at $245,000. Oakbrook Investments LLC boosted its stake in Toll Brothers by 16.3% in the second quarter. Oakbrook Investments LLC now owns 15,350 shares of the company’s stock valued at $413,000 after buying an additional 2,150 shares during the period. LS Investment Advisors LLC boosted its stake in Toll Brothers by 53.7% in the second quarter. LS Investment Advisors LLC now owns 16,649 shares of the company’s stock valued at $448,000 after buying an additional 5,815 shares during the period. Finally, Rafferty Asset Management LLC acquired a new stake in Toll Brothers during the first quarter valued at $494,000. Hedge funds and other institutional investors own 77.59% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded up 0.48% during trading on Thursday, reaching $29.53. The company had a trading volume of 1,450,244 shares. The stock has a 50 day moving average price of $29.86 and a 200 day moving average price of $28.55. Toll Brothers Inc. has a 52 week low of $23.75 and a 52 week high of $38.15. The firm has a market capitalization of $4.84 billion, a P/E ratio of 12.71 and a beta of 1.32.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. The company earned $1.27 billion during the quarter. Toll Brothers had a return on equity of 9.98% and a net margin of 8.73%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Analysts predict that Toll Brothers Inc. will post $2.50 earnings per share for the current year.
TOL has been the subject of several research analyst reports. Credit Suisse Group AG reiterated a “buy” rating on shares of Toll Brothers in a report on Tuesday, June 28th. Buckingham Research upgraded Toll Brothers from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Monday, July 18th. Zacks Investment Research cut Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. TheStreet upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Finally, Royal Bank Of Canada increased their price objective on Toll Brothers from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Toll Brothers has an average rating of “Hold” and a consensus price target of $37.12.
In other news, President Richard T. Hartman sold 18,310 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total transaction of $567,976.20. Following the completion of the sale, the president now owns 47,937 shares in the company, valued at approximately $1,487,005.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.51% of the company’s stock.
Toll Brothers Company Profile
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.
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