Toll Brothers Inc (TOL) Stake Decreased by Janus Henderson Group PLC
Janus Henderson Group PLC reduced its holdings in Toll Brothers Inc (NYSE:TOL) by 26.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 723,125 shares of the construction company’s stock after selling 266,000 shares during the quarter. Janus Henderson Group PLC owned about 0.48% of Toll Brothers worth $26,749,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TOL. State of New Jersey Common Pension Fund D grew its position in shares of Toll Brothers by 534.5% in the 2nd 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 buying an additional 600,000 shares during the last quarter. LSV Asset Management lifted its stake in shares of Toll Brothers by 3,526.6% in the 1st quarter. LSV Asset Management now owns 449,700 shares of the construction company’s stock valued at $19,449,000 after purchasing an additional 437,300 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Toll Brothers by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock valued at $129,127,000 after purchasing an additional 309,953 shares during the period. Gateway Investment Advisers LLC purchased a new position in shares of Toll Brothers in the 2nd quarter valued at approximately $11,028,000. Finally, Systematic Financial Management LP lifted its stake in shares of Toll Brothers by 74.6% in the 1st quarter. Systematic Financial Management LP now owns 469,172 shares of the construction company’s stock valued at $20,292,000 after purchasing an additional 200,409 shares during the period. Hedge funds and other institutional investors own 79.49% of the company’s stock.
A number of research firms have recently commented on TOL. Raymond James restated a “buy” rating and issued a $44.00 target price (down previously from $50.00) on shares of Toll Brothers in a research note on Thursday, August 23rd. Barclays set a $39.00 target price on Toll Brothers and gave the company an “underweight” rating in a research note on Wednesday, May 23rd. Wedbush raised their target price on Toll Brothers from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, May 22nd. ValuEngine cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Finally, Zacks Investment Research cut Toll Brothers from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.37.
Shares of NYSE:TOL opened at $36.95 on Thursday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 0.50 and a beta of 1.35. Toll Brothers Inc has a 12-month low of $33.47 and a 12-month high of $52.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 6.98 and a quick ratio of 0.88.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.23. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. research analysts anticipate that Toll Brothers Inc will post 4.46 EPS for the current year.
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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