Pinebridge Investments L.P. cut its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 42.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,407 shares of the construction company’s stock after selling 18,727 shares during the quarter. Pinebridge Investments L.P.’s holdings in Toll Brothers were worth $1,220,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of TOL. Bessemer Group Inc. raised its stake in shares of Toll Brothers by 202.5% during the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after acquiring an additional 1,600 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $120,000. CENTRAL TRUST Co purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $157,000. Gamco Investors INC. ET AL purchased a new position in shares of Toll Brothers during the third quarter worth approximately $207,000. Finally, Charter Trust Co. bought a new position in shares of Toll Brothers in the fourth quarter worth approximately $210,000. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Richard J. Braemer sold 20,000 shares of Toll Brothers stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the sale, the director now owns 82,873 shares in the company, valued at $3,857,738.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Joseph R. Sicree sold 4,500 shares of Toll Brothers stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.48, for a total transaction of $231,660.00. Following the completion of the sale, the chief accounting officer now owns 24,197 shares in the company, valued at approximately $1,245,661.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,950 shares of company stock worth $5,841,012. 8.78% of the stock is currently owned by company insiders.
Shares of Toll Brothers Inc (NYSE TOL) opened at $46.55 on Monday. The firm has a market cap of $7,156.22, a price-to-earnings ratio of 14.59, a P/E/G ratio of 0.83 and a beta of 1.38. Toll Brothers Inc has a fifty-two week low of $33.42 and a fifty-two week high of $52.73. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. equities analysts expect that Toll Brothers Inc will post 4.08 EPS for the current 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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