Russell Investments Group Ltd. Has $4.55 Million Stake in Toll Brothers Inc (TOL)

Russell Investments Group Ltd. cut its stake in shares of Toll Brothers Inc (NYSE:TOL) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,967 shares of the construction company’s stock after selling 9,756 shares during the period. Russell Investments Group Ltd. owned 0.09% of Toll Brothers worth $4,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Toll Brothers during the third quarter valued at about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Toll Brothers by 186.7% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after buying an additional 2,800 shares during the period. Parallel Advisors LLC increased its position in shares of Toll Brothers by 1,850.4% during the second quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock valued at $193,000 after buying an additional 4,959 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Toll Brothers during the second quarter valued at about $201,000. Finally, Creative Planning bought a new stake in shares of Toll Brothers during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 82.02% of the company’s stock.

TOL has been the topic of several analyst reports. ValuEngine cut Toll Brothers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Deutsche Bank lowered Toll Brothers from a “buy” rating to a “hold” rating and cut their price objective for the stock from $51.00 to $29.00 in a report on Monday, October 22nd. Bank of America lowered Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Thursday, October 18th. Finally, Barclays reissued a “sell” rating and set a $37.00 price objective (down previously from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $47.56.

Shares of TOL opened at $32.60 on Monday. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.40 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 6.98 and a debt-to-equity ratio of 0.80. Toll Brothers Inc has a 1 year low of $28.68 and a 1 year high of $52.73.

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About Toll Brothers

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

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