Shell Asset Management Co. held its position in Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,560 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Toll Brothers were worth $203,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Creative Planning increased its position in Toll Brothers by 16.2% in the second quarter. Creative Planning now owns 5,915 shares of the company’s stock worth $159,000 after buying an additional 823 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Toll Brothers during the first quarter worth $245,000. Oakbrook Investments LLC increased its position in 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 in the last quarter. LS Investment Advisors LLC increased its position in Toll Brothers by 53.7% in the second quarter. LS Investment Advisors LLC now owns 16,649 shares of the company’s stock worth $448,000 after buying an additional 5,815 shares in the last quarter. Finally, Rafferty Asset Management LLC purchased a new position in Toll Brothers during the first quarter worth $494,000. 77.59% of the stock is currently owned by institutional investors.
Toll Brothers Inc. (NYSE:TOL) traded down 1.38% during midday trading on Thursday, hitting $28.62. The stock had a trading volume of 1,996,648 shares. The company has a market cap of $4.69 billion, a PE ratio of 12.32 and a beta of 1.32. The firm has a 50-day moving average of $29.84 and a 200-day moving average of $28.56. Toll Brothers Inc. has a 12-month low of $23.75 and a 12-month high of $38.15.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The business 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 business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Equities research analysts forecast that Toll Brothers Inc. will post $2.50 EPS for the current year.
A number of research firms have weighed in on TOL. Zacks Investment Research downgraded Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Royal Bank Of Canada increased their target price on Toll Brothers from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 24th. Credit Suisse Group AG downgraded Toll Brothers from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $30.00 in a report on Monday, July 11th. TheStreet downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Toll Brothers from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.12.
In related news, President Richard T. Hartman sold 18,310 shares of Toll Brothers stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total value of $567,976.20. Following the completion of the transaction, 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 available through the SEC website. 10.51% of the stock is owned by insiders.
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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