Toll Brothers, Inc. (NYSE:TOL) Stake Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Toll Brothers, Inc. (NYSE:TOL) by 423.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,000 shares of the construction company’s stock after acquiring an additional 110,000 shares during the period. Handelsbanken Fonder AB owned 0.14% of Toll Brothers worth $14,360,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock valued at $666,000 after acquiring an additional 2,116 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at $351,000. Blue Trust Inc. raised its holdings in Toll Brothers by 136.3% in the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock valued at $105,000 after acquiring an additional 481 shares in the last quarter. Van ECK Associates Corp raised its holdings in Toll Brothers by 30.2% in the fourth quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company’s stock valued at $10,429,000 after acquiring an additional 19,214 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Toll Brothers in the fourth quarter valued at $15,253,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Evercore ISI reiterated an “outperform” rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Royal Bank of Canada lowered their target price on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, Raymond James reiterated a “strong-buy” rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $141.08.

Toll Brothers Stock Down 2.3%

Toll Brothers stock opened at $109.39 on Thursday. The company has a 50-day simple moving average of $101.65 and a 200-day simple moving average of $117.76. The firm has a market capitalization of $10.74 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52.

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

About Toll Brothers

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.