UBS Oconnor LLC boosted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 17.1% during the third quarter, Holdings Channel reports. The institutional investor owned 45,362 shares of the company’s stock after buying an additional 6,610 shares during the period. UBS Oconnor LLC’s holdings in Toll Brothers were worth $1,355,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of TOL. FMR LLC raised its stake in Toll Brothers by 29.8% in the second quarter. FMR LLC now owns 7,999,530 shares of the company’s stock worth $215,268,000 after buying an additional 1,834,568 shares during the period. Neuberger Berman Group LLC raised its stake in Toll Brothers by 87.6% in the third quarter. Neuberger Berman Group LLC now owns 3,291,501 shares of the company’s stock worth $98,284,000 after buying an additional 1,537,146 shares during the period. Greenhaven Associates Inc. raised its stake in Toll Brothers by 59.6% in the second quarter. Greenhaven Associates Inc. now owns 2,654,933 shares of the company’s stock worth $71,444,000 after buying an additional 991,500 shares during the period. Jennison Associates LLC bought a new stake in Toll Brothers during the third quarter worth about $18,850,000. Finally, Honeywell International Inc. bought a new stake in Toll Brothers during the second quarter worth about $16,953,000. 78.55% of the stock is owned by institutional investors.
Shares of Toll Brothers Inc. (NYSE:TOL) traded down 0.29% on Thursday, reaching $30.98. The company had a trading volume of 1,975,524 shares. Toll Brothers Inc. has a 52-week low of $23.75 and a 52-week high of $33.48. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.21 and a beta of 1.29. The company’s 50-day moving average price is $31.32 and its 200-day moving average price is $29.44.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 6th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.32. The firm earned $1.86 billion during the quarter. Toll Brothers had a net margin of 7.39% and a return on equity of 9.19%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, analysts predict that Toll Brothers Inc. will post $3.06 earnings per share for the current year.
A number of research firms have recently issued reports on TOL. MKM Partners reissued a “buy” rating on shares of Toll Brothers in a research report on Wednesday, January 11th. Barclays PLC initiated coverage on shares of Toll Brothers in a research report on Thursday, January 5th. They set an “equal weight” rating and a $32.00 price objective on the stock. RBC Capital Markets reaffirmed a “sector perform” rating and set a $35.00 price objective (up previously from $34.00) on shares of Toll Brothers in a research report on Wednesday, December 7th. Royal Bank Of Canada raised their price objective on shares of Toll Brothers from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 7th. Finally, TheStreet raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Monday, December 5th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.57.
In other news, Chairman Robert I. Toll sold 5,018 shares of the company’s stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $32.00, for a total transaction of $160,576.00. Following the sale, the chairman now owns 7,503,320 shares in the company, valued at approximately $240,106,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph R. Sicree sold 5,986 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $32.65, for a total value of $195,442.90. Following the sale, the insider now owns 20,699 shares in the company, valued at approximately $675,822.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,004 shares of company stock worth $908,349. 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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