Invictus RG Buys Shares of 7,261 Toll Brothers Inc. (TOL)

Invictus RG bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,261 shares of the construction company’s stock, valued at approximately $262,000.

Several other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake 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. Charter Trust Co. boosted its stake in Toll Brothers by 1.4% in the first quarter. Charter Trust Co. now owns 7,324 shares of the construction company’s stock valued at $264,000 after buying an additional 100 shares during the period. Cutter & CO Brokerage Inc. boosted its stake in Toll Brothers by 1.7% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,384 shares of the construction company’s stock valued at $267,000 after buying an additional 120 shares during the period. Mason Street Advisors LLC boosted its stake in Toll Brothers by 0.3% in the first quarter. Mason Street Advisors LLC now owns 69,843 shares of the construction company’s stock valued at $2,522,000 after buying an additional 192 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after buying an additional 339 shares during the period. 80.15% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

Toll Brothers Inc. (NYSE TOL) traded up 0.237% on Tuesday, reaching $38.842. The company’s stock had a trading volume of 1,760,838 shares. The stock’s 50 day moving average price is $37.53 and its 200 day moving average price is $34.54. Toll Brothers Inc. has a 12 month low of $25.29 and a 12 month high of $39.75. The company has a market cap of $6.35 billion, a P/E ratio of 16.017 and a beta of 1.56.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts forecast that Toll Brothers Inc. will post $3.15 earnings per share for the current year.

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Several research firms have recently commented on TOL. Bank of America Corporation reissued a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Toll Brothers in a research note on Wednesday, May 24th. Mizuho began coverage on Toll Brothers in a research note on Tuesday, May 16th. They issued a “buy” rating and a $44.00 target price for the company. Buckingham Research cut Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Wedbush set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a research note on Friday, May 19th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $37.00 target price (up from $34.00) on shares of Toll Brothers in a research note on Tuesday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $38.17.

In other news, Director Stephen A. Novick sold 85,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total transaction of $3,321,800.00. Following the transaction, the director now owns 24,417 shares of the company’s stock, valued at approximately $954,216.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Richard T. Hartman sold 7,836 shares of the stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $37.00, for a total transaction of $289,932.00. Following the transaction, the president now directly owns 31,770 shares in the company, valued at approximately $1,175,490. The disclosure for this sale can be found here. Insiders have sold a total of 407,172 shares of company stock worth $15,546,645 in the last three months. Insiders own 8.78% of the company’s stock.

Toll Brothers Company Profile

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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