Toll Brothers Inc (NYSE:TOL) Shares Acquired by Man Group plc

Man Group plc increased its stake in shares of Toll Brothers Inc (NYSE:TOL) by 853.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 375,625 shares of the construction company’s stock after buying an additional 336,245 shares during the quarter. Man Group plc’s holdings in Toll Brothers were worth $15,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commerce Bank raised its stake in shares of Toll Brothers by 3.1% during the second quarter. Commerce Bank now owns 11,266 shares of the construction company’s stock worth $412,000 after purchasing an additional 337 shares during the last quarter. MML Investors Services LLC raised its position in Toll Brothers by 1.5% during the 2nd quarter. MML Investors Services LLC now owns 23,230 shares of the construction company’s stock worth $851,000 after buying an additional 349 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Toll Brothers by 4.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock worth $272,000 after buying an additional 350 shares during the last quarter. United Capital Management of KS Inc. lifted its stake in shares of Toll Brothers by 3.0% in the 2nd quarter. United Capital Management of KS Inc. now owns 11,958 shares of the construction company’s stock worth $442,000 after acquiring an additional 353 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of Toll Brothers by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 2,660 shares of the construction company’s stock worth $109,000 after acquiring an additional 532 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TOL opened at $39.73 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 7.43 and a debt-to-equity ratio of 0.75. Toll Brothers Inc has a 52-week low of $30.17 and a 52-week high of $41.70. The company has a 50-day simple moving average of $40.14 and a 200-day simple moving average of $37.82. The company has a market capitalization of $5.64 billion, a PE ratio of 8.44, a P/E/G ratio of 1.14 and a beta of 0.89.

A number of research analysts have recently issued reports on TOL shares. Zacks Investment Research upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a research note on Monday, August 26th. JMP Securities restated a “hold” rating on shares of Toll Brothers in a research report on Wednesday, August 21st. Susquehanna Bancshares downgraded shares of Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Monday, October 14th. Raymond James raised Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $1.00 to $45.00 in a report on Wednesday, September 25th. Finally, SunTrust Banks assumed coverage on Toll Brothers in a research report on Monday, August 12th. They set a “hold” rating and a $37.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.25.

In related news, CEO Douglas C. Jr. Yearley sold 46,875 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.30, for a total value of $1,795,312.50. Following the completion of the transaction, the chief executive officer now directly owns 345,273 shares of the company’s stock, valued at approximately $13,223,955.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.06, for a total value of $1,026,500.00. Following the completion of the transaction, the chief executive officer now directly owns 273,398 shares of the company’s stock, valued at $11,225,721.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,008 shares of company stock worth $6,113,365. 9.69% of the stock is owned by insiders.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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