Profund Advisors LLC Sells 1,796 Shares of Toll Brothers Inc (NYSE:TOL)

Profund Advisors LLC cut its position in shares of Toll Brothers Inc (NYSE:TOL) by 15.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,964 shares of the construction company’s stock after selling 1,796 shares during the quarter. Profund Advisors LLC’s holdings in Toll Brothers were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Commerce Bank grew its stake in Toll Brothers by 3.1% in the second quarter. Commerce Bank now owns 11,266 shares of the construction company’s stock valued at $412,000 after purchasing an additional 337 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Toll Brothers by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 18,530 shares of the construction company’s stock valued at $679,000 after buying an additional 345 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Toll Brothers by 1.5% in the second quarter. MML Investors Services LLC now owns 23,230 shares of the construction company’s stock valued at $851,000 after buying an additional 349 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Toll Brothers by 4.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock valued at $272,000 after buying an additional 350 shares during the last quarter. Finally, United Capital Management of KS Inc. lifted its position in shares of Toll Brothers by 3.0% in the second quarter. United Capital Management of KS Inc. now owns 11,958 shares of the construction company’s stock valued at $442,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

TOL has been the subject of a number of recent analyst reports. ValuEngine cut Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Zacks Investment Research raised Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research report on Monday, August 26th. SunTrust Banks initiated coverage on Toll Brothers in a research report on Monday, August 12th. They issued a “hold” rating and a $37.00 price objective for the company. Wells Fargo & Co cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Finally, Seaport Global Securities initiated coverage on Toll Brothers in a research report on Friday, August 23rd. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.37.

NYSE:TOL traded down $0.13 during mid-day trading on Friday, hitting $39.00. 1,324,048 shares of the stock were exchanged, compared to its average volume of 2,202,756. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The firm’s 50-day simple moving average is $36.51 and its 200 day simple moving average is $36.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 7.43. Toll Brothers Inc has a fifty-two week low of $28.68 and a fifty-two week high of $41.70.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. On average, analysts predict that Toll Brothers Inc will post 3.92 EPS for the current fiscal year.

In related news, CAO Michael J. Grubb sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $40.96, for a total transaction of $40,960.00. Following the completion of the sale, the chief accounting officer now directly owns 2,283 shares of the company’s stock, valued at approximately $93,511.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Richard T. Hartman sold 40,119 shares of Toll Brothers stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $40.48, for a total value of $1,624,017.12. Following the sale, the president now directly owns 26,342 shares of the company’s stock, valued at $1,066,324.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,008 shares of company stock valued at $6,113,365. 9.69% of the stock is currently owned by insiders.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, 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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