Toll Brothers Inc. (TOL) Holdings Boosted by Gluskin Sheff & Assoc Inc.

Gluskin Sheff & Assoc Inc. raised its position in Toll Brothers Inc. (NYSE:TOL) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,362 shares of the construction company’s stock after buying an additional 69,803 shares during the period. Toll Brothers accounts for about 2.4% of Gluskin Sheff & Assoc Inc.’s investment portfolio, making the stock its 15th biggest position. Gluskin Sheff & Assoc Inc. owned 0.41% of Toll Brothers worth $26,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TOL. Shell Asset Management Co. boosted its position in Toll Brothers by 6.1% in the first quarter. Shell Asset Management Co. now owns 8,462 shares of the construction company’s stock valued at $306,000 after buying an additional 487 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Toll Brothers by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 143,037 shares of the construction company’s stock valued at $5,169,000 after buying an additional 2,456 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Toll Brothers by 134.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,974 shares of the construction company’s stock valued at $413,000 after buying an additional 6,288 shares in the last quarter. US Bancorp DE boosted its position in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares in the last quarter. Finally, World Asset Management Inc boosted its position in Toll Brothers by 7.1% in the first quarter. World Asset Management Inc now owns 9,884 shares of the construction company’s stock valued at $357,000 after buying an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Shares of Toll Brothers Inc. (NYSE TOL) traded down 0.709% during trading on Wednesday, hitting $39.915. 385,112 shares of the company’s stock were exchanged. The stock has a market cap of $6.32 billion, a PE ratio of 14.877 and a beta of 1.49. The stock’s 50-day moving average price is $38.95 and its 200-day moving average price is $37.88. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts expect that Toll Brothers Inc. will post $3.20 earnings per share for the current fiscal year.

In other news, Director Carl B. Marbach sold 12,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the sale, the director now directly owns 114,149 shares in the company, valued at approximately $4,562,535.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the completion of the sale, the director now owns 110,373 shares in the company, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,400 shares of company stock worth $1,278,984. 8.78% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a research report on Thursday, August 24th. Royal Bank Of Canada boosted their price target on shares of Toll Brothers from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Bank of America Corporation restated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Finally, Wedbush restated a “neutral” rating and issued a $37.00 price target (down from $40.00) on shares of Toll Brothers in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.67.

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Toll Brothers Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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