Algert Global LLC purchased a new position in shares of Toll Brothers Inc (NYSE:TOL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 53,557 shares of the construction company’s stock, valued at approximately $1,769,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TOL. Korea Investment CORP raised its position in Toll Brothers by 12.2% in the 2nd quarter. Korea Investment CORP now owns 88,525 shares of the construction company’s stock valued at $3,275,000 after buying an additional 9,600 shares during the last quarter. Laurion Capital Management LP raised its position in Toll Brothers by 63.6% in the 2nd quarter. Laurion Capital Management LP now owns 74,498 shares of the construction company’s stock valued at $2,756,000 after buying an additional 28,969 shares during the last quarter. Andra AP fonden acquired a new stake in Toll Brothers in the 2nd quarter valued at approximately $7,971,000. Bank of Nova Scotia acquired a new stake in Toll Brothers in the 2nd quarter valued at approximately $1,531,000. Finally, Lingohr & Partner Asset Management GmbH acquired a new stake in Toll Brothers in the 3rd quarter valued at approximately $320,000. 83.90% of the stock is currently owned by institutional investors.
NYSE:TOL opened at $33.14 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.41 and a beta of 1.16. Toll Brothers Inc has a twelve month low of $28.68 and a twelve month high of $52.73. The company has a current ratio of 6.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.25. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. Research analysts forecast that Toll Brothers Inc will post 5.11 EPS for the current fiscal year.
TOL has been the topic of a number of recent research reports. Bank of America lifted their target price on Toll Brothers from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Royal Bank of Canada lowered Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price target on the stock. in a research report on Thursday. Raymond James reaffirmed a “buy” rating and set a $44.00 price target (down previously from $50.00) on shares of Toll Brothers in a research report on Thursday, August 23rd. Finally, Barclays lowered their price target on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.06.
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Toll Brothers Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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