Investment House LLC acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,335 shares of the company’s stock, valued at approximately $736,000.
A number of other institutional investors also recently added to or reduced their stakes in TOL. Mount Vernon Associates Inc. MD boosted its stake in shares of Toll Brothers by 1.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 33,320 shares of the company’s stock worth $897,000 after buying an additional 520 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Toll Brothers during the second quarter worth approximately $11,583,000. Oakbrook Investments LLC boosted its stake in shares of Toll Brothers by 16.3% in the second quarter. Oakbrook Investments LLC now owns 15,350 shares of the company’s stock worth $413,000 after buying an additional 2,150 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Toll Brothers by 1.6% in the second quarter. Rothschild Investment Corp IL now owns 248,475 shares of the company’s stock worth $6,686,000 after buying an additional 3,900 shares during the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in shares of Toll Brothers during the second quarter worth approximately $801,000. Institutional investors own 76.72% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded up 0.59% during mid-day trading on Thursday, hitting $29.22. 2,317,993 shares of the stock traded hands. Toll Brothers Inc. has a 12-month low of $23.75 and a 12-month high of $38.15. The stock has a 50 day moving average price of $29.51 and a 200 day moving average price of $28.46. The firm has a market cap of $4.79 billion, a PE ratio of 12.58 and a beta of 1.39.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The firm earned $1.27 billion during the quarter. Toll Brothers had a net margin of 8.73% and a return on equity of 9.98%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, analysts expect that Toll Brothers Inc. will post $2.50 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on TOL shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 target price on shares of Toll Brothers in a report on Wednesday, May 25th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Toll Brothers in a report on Thursday, May 26th. Buckingham Research raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $35.00 in a report on Monday, July 18th. Zacks Investment Research cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Finally, TheStreet raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Toll Brothers currently has an average rating of “Buy” and a consensus target price of $37.12.
In other Toll Brothers news, President Richard T. Hartman sold 18,310 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total transaction of $567,976.20. Following the completion of the transaction, the president now directly owns 47,937 shares of the company’s stock, valued at approximately $1,487,005.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.51% of the company’s stock.
About Toll Brothers
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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