Financial Partners Capital Management LLC reduced its stake in shares of Toll Brothers Inc (NYSE:TOL) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,335 shares of the construction company’s stock after selling 18,225 shares during the quarter. Financial Partners Capital Management LLC owned about 0.08% of Toll Brothers worth $5,737,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Toll Brothers in the second quarter worth about $101,000. Advisors Asset Management Inc. increased its stake in Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,017 shares in the last quarter. IFP Advisors Inc increased its stake in Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after purchasing an additional 2,152 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Toll Brothers in the 2nd quarter worth about $151,000. Finally, Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.
Shares of Toll Brothers Inc (NYSE TOL) traded down $3.73 during trading hours on Wednesday, reaching $46.93. The company’s stock had a trading volume of 8,290,100 shares, compared to its average volume of 1,983,268. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $7,460.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.56. Toll Brothers Inc has a 52-week low of $30.44 and a 52-week high of $51.08.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company posted $0.67 EPS. Toll Brothers’s revenue for the quarter was up 9.3% on a year-over-year basis. equities research analysts forecast that Toll Brothers Inc will post 3.2 earnings per share for the current fiscal year.
TOL has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush reissued a “neutral” rating and issued a $40.00 price target (down previously from $45.00) on shares of Toll Brothers in a research note on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a research note on Sunday, October 8th. Finally, Barclays set a $40.00 target price on Toll Brothers and gave the stock a “sell” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Toll Brothers currently has a consensus rating of “Hold” and a consensus target price of $45.73.
In other news, CFO Martin P. Connor sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,443,952.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now owns 114,149 shares of the company’s stock, valued at $4,562,535.53. The disclosure for this sale can be found here. Insiders have sold 64,687 shares of company stock worth $2,840,390 in the last ninety days. 8.78% of the stock is currently owned by insiders.
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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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