Toll Brothers Inc (TOL) : Trinity Street Asset Management Llp reduced its stake in Toll Brothers Inc by 10.33% during the most recent quarter end. The investment management company now holds a total of 1,334,407 shares of Toll Brothers Inc which is valued at $38,257,449 after selling 153,660 shares in Toll Brothers Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Toll Brothers Inc makes up approximately 8.27% of Trinity Street Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in TOL by selling 1,565 shares or 27.15% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of TOL which is valued at $120,414.Weaver C. Barksdale Associates boosted its stake in TOL in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 670 shares of Toll Brothers Inc which is valued at $18,559. Toll Brothers Inc makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio.British Columbia Investment Management Corp boosted its stake in TOL in the latest quarter, The investment management firm added 22,380 additional shares and now holds a total of 63,596 shares of Toll Brothers Inc which is valued at $1,795,951. Toll Brothers Inc makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.
Toll Brothers Inc closed down -0.54 points or -1.89% at $28.01 with 35,93,547 shares getting traded on Friday. Post opening the session at $28.53, the shares hit an intraday low of $27.95 and an intraday high of $28.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Toll Brothers Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.46. The company had revenue of $1115.60 million for the quarter, compared to analysts expectations of $1039.50 million. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Toll Brothers Inc. Toll Brothers Inc was Upgraded by Buckingham Research to ” Buy” on Jul 18, 2016. Toll Brothers Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 11, 2016.
Toll Brothers Inc. is a property development company. The Company is engaged in designing building marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up empty-nester active-adult age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development architectural engineering mortgage title landscaping security monitoring lumber distribution house component assembly and manufacturing operations. The Company also develops owns and operates golf courses and country clubs which are associated with planned communities.