Schroder Investment Management Group Invests $2.90 Million in Toll Brothers Inc (TOL)

Schroder Investment Management Group purchased a new stake in shares of Toll Brothers Inc (NYSE:TOL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 87,800 shares of the construction company’s stock, valued at approximately $2,900,000. Schroder Investment Management Group owned 0.06% of Toll Brothers as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP grew its holdings in shares of Toll Brothers by 349.6% during the second quarter. Bridgewater Associates LP now owns 1,027,048 shares of the construction company’s stock worth $37,991,000 after purchasing an additional 798,617 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Toll Brothers by 58.3% during the third quarter. Prudential Financial Inc. now owns 1,727,967 shares of the construction company’s stock worth $57,075,000 after purchasing an additional 636,371 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Toll Brothers by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 1,690,028 shares of the construction company’s stock worth $55,822,000 after purchasing an additional 351,292 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Toll Brothers by 2,332.5% during the second quarter. Advisors Asset Management Inc. now owns 327,366 shares of the construction company’s stock worth $582,000 after purchasing an additional 313,908 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Toll Brothers by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock worth $129,127,000 after purchasing an additional 309,953 shares in the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

TOL has been the subject of several recent analyst reports. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine raised Toll Brothers from a “strong sell” rating to a “sell” rating in a report on Wednesday. Barclays cut their price objective on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, December 3rd. 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Toll Brothers has a consensus rating of “Hold” and an average price target of $45.06.

Shares of TOL opened at $33.14 on Friday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.42 and a beta of 1.16. The company has a quick ratio of 0.88, a current ratio of 6.83 and a debt-to-equity ratio of 0.78. Toll Brothers Inc has a 1 year low of $28.68 and a 1 year high of $52.73.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.25. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.35 billion. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. Toll Brothers’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Sell-side analysts anticipate that Toll Brothers Inc will post 5.11 earnings per share for the current fiscal year.

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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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