HAP Trading LLC Has $2.05 Million Holdings in Toll Brothers Inc. (TOL)
HAP Trading LLC raised its stake in Toll Brothers Inc. (NYSE:TOL) by 35.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,962 shares of the construction company’s stock after acquiring an additional 13,715 shares during the period. HAP Trading LLC’s holdings in Toll Brothers were worth $2,053,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. grew its position in Toll Brothers by 7,882.3% in the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock valued at $596,546,000 after acquiring an additional 16,313,307 shares during the period. Vanguard Group Inc. grew its position in Toll Brothers by 7.2% in the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock valued at $441,150,000 after acquiring an additional 815,737 shares during the period. FMR LLC grew its position in Toll Brothers by 34.9% in the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock valued at $287,997,000 after acquiring an additional 2,065,250 shares during the period. Dimensional Fund Advisors LP grew its position in Toll Brothers by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock valued at $190,012,000 after acquiring an additional 396,190 shares during the period. Finally, Capital Growth Management LP grew its position in Toll Brothers by 110.7% in the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after acquiring an additional 1,550,000 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.
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In other news, CEO Douglas C. Jr. Yearley sold 5,500 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $39.78, for a total value of $218,790.00. Following the transaction, the chief executive officer now directly owns 180,527 shares of the company’s stock, valued at approximately $7,181,364.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen A. Novick sold 85,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total value of $3,321,800.00. Following the completion of the transaction, the director now directly owns 24,417 shares in the company, valued at $954,216.36. The disclosure for this sale can be found here. Insiders sold a total of 106,500 shares of company stock worth $4,164,071 over the last three months. 8.78% of the stock is owned by company insiders.
Toll Brothers Inc. (TOL) traded up 1.34% during midday trading on Tuesday, reaching $40.20. The company had a trading volume of 412,012 shares. The stock has a 50-day moving average price of $38.82 and a 200 day moving average price of $37.63. Toll Brothers Inc. has a 12-month low of $26.65 and a 12-month high of $41.07. The company has a market capitalization of $6.57 billion, a PE ratio of 15.03 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Equities analysts forecast that Toll Brothers Inc. will post $3.20 EPS for the current year.
A number of analysts have weighed in on the company. Mizuho reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Barclays PLC cut Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research report on Tuesday, July 11th. BidaskClub raised Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada boosted their price objective on Toll Brothers from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.27.
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.
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