Wexford Capital Lp buys $10,107,127 stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Wexford Capital Lp scooped up 62,156 additional shares in Toll Brothers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 361,356 shares of Toll Brothers Inc which is valued at $10,107,127.Toll Brothers Inc makes up approximately 1.67% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp added TOL to its portfolio by purchasing 18,800 company shares during the most recent quarter which is valued at $525,836. Toll Brothers Inc makes up approx 0.29% of Bayesian Capital Management Lp’s portfolio.Chartwell Investment Partners boosted its stake in TOL in the latest quarter, The investment management firm added 1,057,625 additional shares and now holds a total of 1,089,875 shares of Toll Brothers Inc which is valued at $30,320,323. Toll Brothers Inc makes up approx 0.51% of Chartwell Investment Partners’s portfolio.State Treasurer State Of Michigan reduced its stake in TOL by selling 700 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 61,200 shares of TOL which is valued at $1,683,000. Toll Brothers Inc makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Retirement Systems Of Alabama reduced its stake in TOL by selling 246,907 shares or 55.64% in the most recent quarter. The Hedge Fund company now holds 196,816 shares of TOL which is valued at $5,642,715. Toll Brothers Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.

Toll Brothers Inc opened for trading at $30.75 and hit $31.3 on the upside on Monday, eventually ending the session at $30.9, with a gain of 0.52% or 0.16 points. The heightened volatility saw the trading volume jump to 21,53,168 shares. Company has a market cap of $5,125 M.

On the company’s financial health, Toll Brothers Inc reported $0.61 EPS for the quarter, based on the information available during the earnings call on Aug 23, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $1269.90 million for the quarter, compared to analysts expectations of $1246.00 million. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Toll Brothers Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .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.

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