Opinicus Capital Inc. Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Opinicus Capital Inc. increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,996 shares of the construction company’s stock after buying an additional 3,178 shares during the quarter. Toll Brothers comprises about 1.5% of Opinicus Capital Inc.’s holdings, making the stock its 18th largest position. Opinicus Capital Inc.’s holdings in Toll Brothers were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TOL. NorthCrest Asset Manangement LLC raised its stake in shares of Toll Brothers by 0.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 23,676 shares of the construction company’s stock worth $2,500,000 after buying an additional 153 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Toll Brothers by 56.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 21,974 shares of the construction company’s stock valued at $2,320,000 after buying an additional 7,908 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Toll Brothers by 423.1% during the first quarter. Handelsbanken Fonder AB now owns 136,000 shares of the construction company’s stock valued at $14,360,000 after acquiring an additional 110,000 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Toll Brothers by 90.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,749 shares of the construction company’s stock worth $501,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Toll Brothers by 60.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,395 shares of the construction company’s stock worth $147,000 after acquiring an additional 525 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price target on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 20th. Royal Bank of Canada reduced their target price on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Bank of America cut their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.08.

Toll Brothers Price Performance

Toll Brothers stock opened at $110.55 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.85 billion, a P/E ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.35. The firm has a fifty day moving average of $101.96 and a 200-day moving average of $117.36. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.