Symmetry Partners LLC Grows Stake in Toll Brothers, Inc. (NYSE:TOL)

Symmetry Partners LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 7.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,195 shares of the construction company’s stock after buying an additional 1,438 shares during the quarter. Symmetry Partners LLC’s holdings in Toll Brothers were worth $2,742,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Toll Brothers by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,656 shares of the construction company’s stock worth $2,123,000 after acquiring an additional 444 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toll Brothers by 34.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 36,000 shares of the construction company’s stock valued at $3,700,000 after purchasing an additional 9,312 shares during the last quarter. Vanguard Group Inc. boosted its stake in Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Toll Brothers by 198.3% in the 4th quarter. Wellington Management Group LLP now owns 180,005 shares of the construction company’s stock worth $18,503,000 after buying an additional 119,652 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Toll Brothers by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after buying an additional 12,493 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TOL shares. Oppenheimer raised their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Raymond James restated a “strong-buy” rating and issued a $145.00 price target (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Argus raised their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. UBS Group lifted their target price on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Wedbush reiterated a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.07.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock worth $2,586,315 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock traded down $2.55 during trading hours on Tuesday, hitting $117.82. The stock had a trading volume of 890,049 shares, compared to its average volume of 1,376,843. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock’s 50-day moving average price is $121.35 and its two-hundred day moving average price is $112.30. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.97 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. Equities analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.