Flinton Capital Management LLC lowered its stake in shares of Toll Brothers Inc (NYSE:TOL) by 22.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 163,982 shares of the construction company’s stock after selling 47,022 shares during the quarter. Flinton Capital Management LLC’s holdings in Toll Brothers were worth $6,066,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. grew its holdings in Toll Brothers by 61.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 78,811 shares of the construction company’s stock worth $2,916,000 after buying an additional 30,039 shares in the last quarter. Sib LLC bought a new stake in Toll Brothers during the second quarter worth $2,565,000. Quantitative Systematic Strategies LLC bought a new stake in Toll Brothers during the second quarter worth $1,604,000. Tikehau Investment Management bought a new stake in Toll Brothers during the first quarter worth $4,420,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Toll Brothers by 354.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,286 shares of the construction company’s stock worth $2,059,000 after buying an additional 36,878 shares in the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
TOL stock opened at $36.83 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98. Toll Brothers Inc has a 1-year low of $33.47 and a 1-year high of $52.73. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.34.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.23. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. research analysts predict that Toll Brothers Inc will post 4.46 earnings per share for the current year.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.78% of the stock is currently owned by insiders.
TOL has been the subject of several recent research reports. Barclays reiterated an “underweight” rating and set a $39.00 price target (down previously from $43.00) on shares of Toll Brothers in a report on Friday, June 1st. Maxim Group decreased their price target on Toll Brothers from $60.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, May 23rd. Wedbush upped their price target on Toll Brothers from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, May 22nd. Bank of America upped their price target on Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Deutsche Bank decreased their price target on Toll Brothers from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Toll Brothers presently has an average rating of “Buy” and a consensus target price of $50.37.
Toll Brothers Company 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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