Friday, 23 March, 2018

Toll Brothers Inc (TOL) Holdings Lifted by Sumitomo Mitsui Trust Holdings Inc

TOL shares bottomed near a key trendline TOL shares bottomed near a key trendline
Nellie Chapman | 06 December, 2017, 07:51

The company shares sank -0.57% from their peak of $50.95 and now has a $7.98 billion market value of equity.

Toll Brothers missed on both earnings and revenue in the fourth quarter.

The company had seen its current volume reaching at 5 million shares in the last trade. Bank of New York Mellon Corp lifted its stake in shares of Toll Brothers by 56.1% in the 3rd quarter. Veritable L.P. now owns 26,823 shares of the construction company's stock worth $1,060,000 after buying an additional 237 shares during the last quarter. Finally, River Wealth Advisors LLC increased its position in shares of Toll Brothers by 11.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 532,241 shares of the construction company's stock worth $22,072,000 after acquiring an additional 8,405 shares in the last quarter. Jpmorgan Chase & holds 0.03% in Toll Brothers, Inc. Sns Grp Inc Ltd has invested 0.22% in The Procter & Gamble Company (NYSE:PG). Tiedemann Wealth Management Limited Liability holds 0.3% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 47,968 shares.

A number of other hedge funds also recently modified their holdings of TOL. Here's a quick look at what's moving shares of TOL, RVNC, and COLL. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $40.00 price objective on shares of Toll Brothers in a report on Sunday, October 8th. They issued a "buy" rating and a $50.00 price target for the company. KeyCorp downgraded Toll Brothers to an "overweight" rating in a report on Tuesday. Toll Brothers has a consensus rating of "Hold" and an average target price of $44.71. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, August 23rd. Similarly, this stock's Cash/Share ratio now stands at 5.84, while the industry's as a whole is 4.28.

TOL's mean recommendation on Reuter's scale slipped from 2.23 thirty days ago to 2.18 now, which indicates a hold consensus from the analyst community.

In other news, President Richard T. Hartman sold 8,537 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $47.00, for a total value of $940,000.00. Following the completion of the transaction, the director now directly owns 114,149 shares of the company's stock, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. 8,277,105 shares of the stock were exchanged, compared to its average volume of 1,983,209. The firm has a market capitalization of $8,124.77, a P/E ratio of 18.47, a PEG ratio of 1.06 and a beta of 1.57.

The stock of Toll Brothers, Inc.

Toll Brothers, Inc. most recently reported earnings per share (EPS) of $0.7 for the July 2017 versus $0.61 in the same quarter previous year, representing 15% growth. Over the last week of the month, it was 5.15%, 31.45% over the last quarter, and 34.23% for the past six months.

Autozone (AZO) shares are rising after it posted an earnings and revenue beat and same-store sales increase of 2.3% in the quarter. If the published price targets set by Toll Brothers, Inc. analysts have any power to influence the stock's share price, the highest price target set for TOL is $55.

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And home building deliveries were 2,424 units, also up 9%.

Its City Living division is now comprised of projects in NY and New Jersey as well as the Washington, D.C. metro area, but Toll Brothers said it's looking to expand the division to Los Angeles, San Francisco, Seattle, Miami, Boston and Philadelphia.