PNC Financial Services Group Inc. raised its position in Toll Brothers Inc. (NYSE:TOL) by 14.6% during the second quarter, Holdings Channel reports. The fund owned 7,746 shares of the company’s stock after buying an additional 989 shares during the period. PNC Financial Services Group Inc.’s holdings in Toll Brothers were worth $208,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TOL. Taylor Frigon Capital Management LLC raised its stake in Toll Brothers by 0.3% in the second quarter. Taylor Frigon Capital Management LLC now owns 36,918 shares of the company’s stock worth $993,000 after buying an additional 128 shares during the last quarter. CIBC Asset Management Inc raised its stake in Toll Brothers by 1.9% in the second quarter. CIBC Asset Management Inc now owns 12,462 shares of the company’s stock worth $335,000 after buying an additional 227 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in Toll Brothers by 1.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 33,320 shares of the company’s stock worth $897,000 after buying an additional 520 shares in the last quarter. Credit Agricole S A raised its stake in Toll Brothers by 1.3% in the first quarter. Credit Agricole S A now owns 57,633 shares of the company’s stock worth $1,702,000 after buying an additional 752 shares in the last quarter. Finally, Creative Planning raised its stake in Toll Brothers by 16.2% in the second quarter. Creative Planning now owns 5,915 shares of the company’s stock worth $159,000 after buying an additional 823 shares in the last quarter. 77.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Toll Brothers Inc. (NYSE:TOL) traded up 0.14% during mid-day trading on Tuesday, hitting $29.57. 600,171 shares of the stock traded hands. Toll Brothers Inc. has a 1-year low of $23.75 and a 1-year high of $38.15. The company’s 50-day moving average price is $29.83 and its 200 day moving average price is $28.54. The company has a market capitalization of $4.85 billion, a PE ratio of 12.73 and a beta of 1.32.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $1.27 billion for the quarter. Toll Brothers had a net margin of 8.73% and a return on equity of 9.98%. The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities research analysts forecast that Toll Brothers Inc. will post $2.50 EPS for the current fiscal year.
TOL has been the topic of a number of analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Toll Brothers in a research note on Tuesday, June 28th. Buckingham Research raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Monday, July 18th. Zacks Investment Research lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Finally, Royal Bank Of Canada upped their price objective on shares of Toll Brothers from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.12.
In related news, President Richard T. Hartman sold 18,310 shares of Toll Brothers stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total value of $567,976.20. Following the sale, the president now owns 47,937 shares in the company, valued at $1,487,005.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.51% of the stock is currently owned by corporate insiders.
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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