Toll Brothers Inc (TOL) Stake Decreased by Meadow Creek Investment Management LLC

Toll Brothers Inc (TOL) Stake Decreased by Meadow Creek Investment Management LLC

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independent Advisor Alliance bought a new position in Toll Brothers during the fourth quarter valued at $100,000. US Bancorp DE boosted its position in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares during the period. Macquarie Group Ltd. boosted its position in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the period. Advisory Services Network LLC bought a new position in Toll Brothers during the first quarter valued at $114,000. Finally, Gamco Investors INC. ET AL bought a new position in Toll Brothers during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 76.85% of the company’s stock.

Meadow Creek Investment Management LLC cut its stake in Toll Brothers Inc (NYSE:TOL) by 16.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,128 shares of the construction company’s stock after selling 832 shares during the period. Meadow Creek Investment Management LLC’s holdings in Toll Brothers were worth $149,000 as of its most recent filing with the SEC.

Toll Brothers Inc (TOL) traded down 0.35% on Wednesday, reaching $36.91. 2,291,183 shares of the company traded hands. The company has a market capitalization of $6.03 billion, a PE ratio of 15.20 and a beta of 1.28. Toll Brothers Inc has a one year low of $25.29 and a one year high of $39.37. The stock’s 50 day moving average price is $36.85 and its 200 day moving average price is $33.71.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 7.39% and a return on equity of 9.19%. Toll Brothers’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, equities research analysts predict that Toll Brothers Inc will post $3.15 EPS for the current fiscal year.

Several analysts have commented on the stock. Barclays PLC reiterated an “equal weight” rating and set a $37.00 target price (up previously from $34.00) on shares of Toll Brothers in a research report on Tuesday, March 7th. Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Tuesday, February 7th. They set a “neutral” rating for the company. Royal Bank of Canada upped their target price on shares of Toll Brothers from $35.00 to $37.00 and gave the company a “sector perform” rating in a research report on Thursday, February 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Monday, April 10th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.17.

In other news, CEO Douglas C. Jr. Yearley sold 8,250 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $36.00, for a total transaction of $297,000.00. Following the sale, the chief executive officer now owns 204,622 shares of the company’s stock, valued at approximately $7,366,392. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert I. Toll sold 275,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $36.00, for a total transaction of $9,900,000.00. Following the sale, the insider now directly owns 7,420,317 shares in the company, valued at approximately $267,131,412. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 595,822 shares of company stock worth $22,009,774. Insiders own 8.78% of the company’s stock.

About Toll Brothers

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TOL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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