Fisher Asset Management LLC Raises Stake in Toll Brothers Inc. (TOL)
Fisher Asset Management LLC boosted its stake in Toll Brothers Inc. (NYSE:TOL) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 612,914 shares of the company’s stock after buying an additional 31,310 shares during the period. Fisher Asset Management LLC owned 0.37% of Toll Brothers worth $18,302,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment Corp IL boosted its stake in shares of Toll Brothers by 1.6% in the second quarter. Rothschild Investment Corp IL now owns 248,475 shares of the company’s stock valued at $6,686,000 after buying an additional 3,900 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Toll Brothers during the second quarter valued at about $801,000. LS Investment Advisors LLC boosted its stake in shares of Toll Brothers by 53.7% in the second quarter. LS Investment Advisors LLC now owns 16,649 shares of the company’s stock valued at $448,000 after buying an additional 5,815 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Toll Brothers during the second quarter valued at about $729,000. Finally, Davis R M Inc. boosted its stake in shares of Toll Brothers by 92.3% in the second quarter. Davis R M Inc. now owns 337,400 shares of the company’s stock valued at $9,079,000 after buying an additional 161,945 shares during the period. Institutional investors own 76.42% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded up 1.06% during midday trading on Friday, reaching $30.37. The company’s stock had a trading volume of 748,322 shares. Toll Brothers Inc. has a 52 week low of $23.75 and a 52 week high of $38.15. The firm has a market capitalization of $4.98 billion, a P/E ratio of 13.07 and a beta of 1.22. The company’s 50-day moving average is $28.54 and its 200 day moving average is $28.52.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. Toll Brothers had a net margin of 8.73% and a return on equity of 9.98%. The company earned $1.27 billion during the quarter. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was up 23.5% on a year-over-year basis. Analysts expect that Toll Brothers Inc. will post $2.50 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on the company. RBC Capital Markets reissued 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. Citigroup Inc. raised 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. TheStreet raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Royal Bank Of Canada raised 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, Evercore ISI assumed coverage on Toll Brothers in a research report on Monday, November 14th. They issued a “hold” rating and a $29.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $36.00.
In other Toll Brothers news, President Richard T. Hartman sold 18,310 shares of the company’s 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 completion of the transaction, the president now owns 47,937 shares in the company, valued at $1,487,005.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.51% of the stock is currently owned by company 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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