Toll Brothers Inc. (TOL) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP grew its position in shares of Toll Brothers Inc. (NYSE:TOL) by 111.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 68,458 shares of the construction company’s stock after purchasing an additional 36,090 shares during the quarter. Stevens Capital Management LP’s holdings in Toll Brothers were worth $2,705,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TOL. BlackRock Inc. boosted its stake in shares of Toll Brothers by 1.8% during the 2nd quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after acquiring an additional 291,112 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Toll Brothers by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after acquiring an additional 815,737 shares in the last quarter. FMR LLC boosted its stake in shares of Toll Brothers by 34.9% during the 1st quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock worth $287,997,000 after acquiring an additional 2,065,250 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock worth $190,012,000 after acquiring an additional 396,190 shares in the last quarter. Finally, Capital Growth Management LP boosted its stake in shares of Toll Brothers by 110.7% during the 1st quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock worth $106,524,000 after acquiring an additional 1,550,000 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

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In related news, CEO Douglas C. Jr. Yearley sold 5,500 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $39.78, for a total value of $218,790.00. Following the completion of the transaction, the chief executive officer now directly owns 180,527 shares of the company’s stock, valued at approximately $7,181,364.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total transaction of $515,613.00. Following the completion of the transaction, the director now directly owns 114,149 shares of the company’s stock, valued at $4,562,535.53. The disclosure for this sale can be found here. Insiders sold a total of 32,400 shares of company stock valued at $1,278,984 in the last three months. 8.78% of the stock is owned by company insiders.

Several research firms have recently weighed in on TOL. J P Morgan Chase & Co lowered Toll Brothers from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 14th. BidaskClub lowered Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research note on Thursday, August 24th. Finally, Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.67.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The firm’s revenue was up 18.3% on a year-over-year basis.

About Toll Brothers

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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

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