Toll Brothers Inc. (TOL) Shares Bought by BlackRock Inc.
BlackRock Inc. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,811,380 shares of the construction company’s stock after purchasing an additional 291,112 shares during the period. BlackRock Inc. owned about 10.28% of Toll Brothers worth $664,216,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. James Investment Research Inc. acquired a new stake in shares of Toll Brothers during the second quarter worth about $1,375,000. Prudential Financial Inc. increased its position in shares of Toll Brothers by 42.9% during the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after purchasing an additional 430,220 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Toll Brothers by 6.8% during the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock worth $6,040,000 after purchasing an additional 9,723 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of Toll Brothers during the first quarter worth about $300,000. Finally, Andra AP fonden increased its position in shares of Toll Brothers by 11.6% during the second quarter. Andra AP fonden now owns 71,300 shares of the construction company’s stock worth $2,817,000 after purchasing an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) opened at 39.84 on Friday. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $41.07. The firm’s 50-day moving average price is $38.95 and its 200 day moving average price is $37.88. The firm has a market cap of $6.30 billion, a PE ratio of 14.85 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company posted $0.61 earnings per share. Toll Brothers’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts anticipate that Toll Brothers Inc. will post $3.20 earnings per share for the current year.
A number of analysts have recently commented on TOL shares. Citigroup Inc. lifted their target price on Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. BidaskClub upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group started coverage on Toll Brothers in a research report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 target price on the stock. Bank of America Corporation lifted their target price on Toll Brothers from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Finally, Barclays PLC cut Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.67.
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In other Toll Brothers news, Director Carl B. Marbach sold 12,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the sale, the director now owns 114,149 shares in the company, valued at $4,562,535.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $39.78, for a total transaction of $218,790.00. Following the completion of the sale, the chief executive officer now owns 180,527 shares in the company, valued at approximately $7,181,364.06. The disclosure for this sale can be found here. Insiders sold 32,400 shares of company stock worth $1,278,984 in the last 90 days. 8.78% of the stock is owned by company insiders.
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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