Federated Investors Inc. PA cut its holdings in Toll Brothers Inc (NYSE:TOL) by 55.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,068 shares of the construction company’s stock after selling 293,373 shares during the quarter. Federated Investors Inc. PA’s holdings in Toll Brothers were worth $8,473,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. FNY Investment Advisers LLC bought a new position in shares of Toll Brothers in the first quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its position in shares of Toll Brothers by 309.0% in the first quarter. Quadrant Capital Group LLC now owns 953 shares of the construction company’s stock valued at $32,000 after purchasing an additional 720 shares during the period. Valley National Advisers Inc. bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $33,000. Sandy Spring Bank raised its position in shares of Toll Brothers by 150.1% in the first quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock valued at $39,000 after purchasing an additional 647 shares during the period. Finally, CWM LLC bought a new position in shares of Toll Brothers in the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.
In other Toll Brothers news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total transaction of $371,800.00. Following the sale, the president now owns 76,461 shares in the company, valued at $2,842,819.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl B. Marbach sold 3,000 shares of Toll Brothers stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.14, for a total transaction of $105,420.00. Following the sale, the director now owns 85,463 shares in the company, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $1,262,150 in the last quarter. Corporate insiders own 9.69% of the company’s stock.
Shares of TOL stock opened at $37.00 on Thursday. Toll Brothers Inc has a 1 year low of $28.68 and a 1 year high of $40.35. The firm has a market cap of $5.27 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.10. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts predict that Toll Brothers Inc will post 3.9 EPS for the current year.
TOL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, February 13th. Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Raymond James set a $40.00 target price on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Friday, March 1st. Credit Suisse Group reaffirmed a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Friday, February 15th. Finally, Royal Bank of Canada set a $37.00 target price on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Toll Brothers has an average rating of “Hold” and a consensus price target of $36.40.
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Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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