Prudential Financial Inc. boosted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 288.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,839 shares of the company’s stock after buying an additional 433,588 shares during the period. Prudential Financial Inc. owned approximately 0.35% of Toll Brothers worth $15,711,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Cannell Peter B & Co Inc raised its stake in shares of Toll Brothers by 117.0% in the first quarter. Cannell Peter B & Co Inc now owns 1,155,455 shares of the company’s stock worth $34,097,000 after buying an additional 623,055 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Toll Brothers by 0.8% in the first quarter. Brookfield Asset Management Inc. now owns 575,598 shares of the company’s stock worth $16,986,000 after buying an additional 4,718 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Toll Brothers during the first quarter worth approximately $245,000. J.Safra Asset Management Corp raised its stake in shares of Toll Brothers by 150.3% in the first quarter. J.Safra Asset Management Corp now owns 55,732 shares of the company’s stock worth $1,645,000 after buying an additional 33,468 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in shares of Toll Brothers by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 199,874 shares of the company’s stock worth $5,898,000 after buying an additional 2,387 shares in the last quarter. Hedge funds and other institutional investors own 77.59% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded up 0.27% during trading on Friday, hitting $29.64. The stock had a trading volume of 382,729 shares. The stock’s 50-day moving average is $29.73 and its 200 day moving average is $28.52. Toll Brothers Inc. has a one year low of $23.75 and a one year high of $38.15. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 12.76 and a beta of 1.39.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Toll Brothers had a return on equity of 9.98% and a net margin of 8.73%. The firm earned $1.27 billion during the quarter. During the same period last year, the firm posted $0.36 EPS. Toll Brothers’s revenue was up 23.5% on a year-over-year basis. Equities analysts anticipate that Toll Brothers Inc. will post $2.50 earnings per share for the current year.
Several equities research analysts have commented on TOL shares. Buckingham Research upped their price objective on Toll Brothers from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Citigroup Inc. upped their price objective on Toll Brothers from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 24th. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank Of Canada upped their price objective on Toll Brothers from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 24th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of Toll Brothers in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.12.
In other Toll Brothers news, President Richard T. Hartman sold 18,310 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total transaction of $567,976.20. Following the completion of the sale, the president now owns 47,937 shares of the company’s stock, valued at $1,487,005.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.51% of the company’s stock.
Toll Brothers Company Profile
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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