MML Investors Services LLC boosted its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,230 shares of the construction company’s stock after buying an additional 349 shares during the quarter. MML Investors Services LLC’s holdings in Toll Brothers were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Pictet Asset Management Ltd. increased its position in shares of Toll Brothers by 5.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 546,486 shares of the construction company’s stock valued at $20,012,000 after purchasing an additional 28,256 shares during the last quarter. Matthew 25 Management Corp grew its position in shares of Toll Brothers by 1.1% in the 2nd quarter. Matthew 25 Management Corp now owns 445,000 shares of the construction company’s stock valued at $16,296,000 after buying an additional 5,000 shares during the last quarter. Carlson Capital L P purchased a new position in shares of Toll Brothers in the 2nd quarter valued at $16,132,000. Aviance Capital Partners LLC grew its position in shares of Toll Brothers by 5.0% in the 2nd quarter. Aviance Capital Partners LLC now owns 40,619 shares of the construction company’s stock valued at $1,487,000 after buying an additional 1,941 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Toll Brothers by 265.6% in the 2nd quarter. Pacer Advisors Inc. now owns 93,228 shares of the construction company’s stock valued at $3,414,000 after buying an additional 67,728 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $41.06, for a total transaction of $1,026,500.00. Following the completion of the sale, the chief executive officer now directly owns 273,398 shares in the company, valued at $11,225,721.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael J. Grubb sold 1,000 shares of Toll Brothers stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $40.96, for a total transaction of $40,960.00. Following the sale, the chief accounting officer now owns 2,283 shares of the company’s stock, valued at $93,511.68. The disclosure for this sale can be found here. Insiders have sold a total of 154,008 shares of company stock valued at $6,113,365 over the last 90 days. 9.69% of the stock is currently owned by insiders.

A number of research analysts recently commented on TOL shares. Royal Bank of Canada set a $37.00 target price on shares of Toll Brothers and gave the company a “hold” rating in a research report on Thursday, May 23rd. SunTrust Banks assumed coverage on shares of Toll Brothers in a research note on Monday, August 12th. They set a “hold” rating and a $37.00 price target for the company. Wells Fargo & Co cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Bank of America set a $39.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, JMP Securities reiterated a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Toll Brothers presently has a consensus rating of “Hold” and an average target price of $36.37.

Shares of TOL stock traded up $0.17 during mid-day trading on Thursday, hitting $39.36. The stock had a trading volume of 62,194 shares, compared to its average volume of 2,256,787. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.43 and a quick ratio of 1.21. Toll Brothers Inc has a fifty-two week low of $28.68 and a fifty-two week high of $41.70. The company’s 50-day simple moving average is $36.39 and its 200-day simple moving average is $36.73. The firm has a market cap of $5.72 billion, a PE ratio of 8.35, a PEG ratio of 1.20 and a beta of 0.94.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts expect that Toll Brothers Inc will post 3.92 EPS for the current year.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, 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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