Atlantic Trust Group LLC held its stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,469 shares of the construction company’s stock at the close of the 2nd quarter. Atlantic Trust Group LLC’s holdings in Toll Brothers were worth $414,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC grew its position in Toll Brothers by 3.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 26,342 shares of the construction company’s stock valued at $709,000 after buying an additional 864 shares during the period. Partners Value Investments LP bought a new stake in Toll Brothers during the second quarter valued at approximately $7,791,000. Cannell Peter B & Co. Inc. grew its position in Toll Brothers by 14.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,321,726 shares of the construction company’s stock valued at $52,221,000 after buying an additional 165,210 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in Toll Brothers during the second quarter valued at approximately $703,000. Finally, Swiss National Bank grew its position in Toll Brothers by 2.0% during the second quarter. Swiss National Bank now owns 562,933 shares of the construction company’s stock valued at $22,241,000 after buying an additional 10,900 shares during the period. Institutional investors own 80.70% of the company’s stock.
A number of equities analysts have weighed in on TOL shares. Mizuho reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Barclays PLC lowered shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada upped their price target on shares of Toll Brothers from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.27.
In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $39.45, for a total transaction of $78,900.00. Following the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,374,280.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 5,500 shares of Toll Brothers stock in a transaction on Friday, June 30th. The stock was sold at an average price of $39.78, for a total transaction of $218,790.00. Following the sale, the chief executive officer now directly owns 180,527 shares in the company, valued at approximately $7,181,364.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,500 shares of company stock worth $842,271. 8.78% of the stock is currently owned by corporate insiders.
Shares of Toll Brothers Inc. (NYSE TOL) opened at 40.20 on Wednesday. The stock has a market cap of $6.57 billion, a P/E ratio of 15.03 and a beta of 1.49. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07. The company’s 50-day moving average is $38.84 and its 200-day moving average is $37.65.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts expect that Toll Brothers Inc. will post $3.20 EPS for the current fiscal year.
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About Toll Brothers
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.
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