Toll Brothers Inc (TOL) Stake Lessened by Sterling Capital Management LLC

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Sterling Capital Management LLC decreased its position in Toll Brothers Inc (NYSE:TOL) by 22.6% during the 2nd quarter, Holdings Channel reports. The firm owned 55,850 shares of the construction company’s stock after selling 16,325 shares during the period. Sterling Capital Management LLC’s holdings in Toll Brothers were worth $2,066,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TOL. Bridgewater Associates LP grew its holdings in shares of Toll Brothers by 349.6% in the second quarter. Bridgewater Associates LP now owns 1,027,048 shares of the construction company’s stock worth $37,991,000 after purchasing an additional 798,617 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Toll Brothers by 534.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 712,250 shares of the construction company’s stock worth $26,346,000 after acquiring an additional 600,000 shares during the period. Bank of New York Mellon Corp lifted its stake in Toll Brothers by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock worth $129,127,000 after acquiring an additional 309,953 shares during the period. Gateway Investment Advisers LLC purchased a new stake in Toll Brothers in the second quarter worth $11,028,000. Finally, LSV Asset Management lifted its stake in Toll Brothers by 53.3% in the second quarter. LSV Asset Management now owns 689,172 shares of the construction company’s stock worth $25,492,000 after acquiring an additional 239,472 shares during the period. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Shares of Toll Brothers stock opened at $36.78 on Friday. The company has a quick ratio of 0.88, a current ratio of 6.98 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.51 and a beta of 1.34. Toll Brothers Inc has a 12 month low of $33.47 and a 12 month high of $52.73.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.03 by $0.23. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.81 billion. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. sell-side analysts anticipate that Toll Brothers Inc will post 4.46 EPS for the current year.

A number of brokerages recently commented on TOL. Deutsche Bank dropped their price target on Toll Brothers from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. Zacks Investment Research lowered Toll Brothers from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 25th. Maxim Group dropped their price target on Toll Brothers from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, May 23rd. Credit Suisse Group dropped their price target on Toll Brothers from $53.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, May 23rd. Finally, Deutsche Bank dropped their price target on Toll Brothers from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $50.26.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total transaction of $639,880.00. Following the completion of the transaction, the director now owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.78% of the company’s stock.

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

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