Hi-Tech

Victory Capital Management Inc. Boosts Stake in Toll Brothers Inc (NYSE:TOL)

Victory Capital Management Inc. Boosts Stake in Toll Brothers Inc (NYSE:TOL)

Other large investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of Toll Brothers by 17.9% in the fourth quarter.

For the year, the company reported profit of $535.5 million, or $3.17 per share. Comerica Bank increased its position in shares of Toll Brothers by 2.7% in the third quarter. The number of shares now owned by investors are 267.6 mln. Finally, River Wealth Advisors LLC increased its position in shares of Toll Brothers by 11.4% in the third quarter.

Toll Brothers, Inc. has a beta of 2.17, offering the possibility of a higher rate of return, but also posing more risk. Teacher Retirement System of Texas lifted its stake in shares of Toll Brothers by 58.4% in the 3rd quarter. The fund owned 31,372 shares of the construction company's stock after buying an additional 3,700 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Toll Brothers by 118.8% during the third quarter. Hl Ltd Co has 1.75% invested in General Electric Company (NYSE:GE) for 3.25M shares.

Several brokerages have recently weighed in on TOL. Wedbush reiterated a "neutral" rating and issued a $37.00 price objective (down previously from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Citigroup Inc boosted their price objective on Toll Brothers from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 25th. Toll Brothers, Inc.is given 7 buy-equivalent recommendations, 0 sells and 9 holds. "They continue to buy, sales continue to be strong", Chief Executive Douglas Yearley said on a post earnings call with analysts. The count of Hold ratings in that period was 9. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company.

In other news, President Richard T. Hartman sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 14th.

For the first quarter, the company expects to sell between 1,300 and 1,500 units at an average price of between $820,000 and $840,000. Tci Wealth Advisors holds 1.22% of its portfolio in General Electric Company (NYSE:GE) for 88,214 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The shares were sold at an average price of $42.58, for a total value of $691,925.00. Following the sale, the insider now directly owns 7,420,317 shares of the company's stock, valued at approximately $281,972,046. The disclosure for this sale can be found here. The stock had a trading volume of 2,291,183 shares.




Toll Brothers Inc (TOL) traded down 0.35% during trading on Wednesday, hitting $36.91. That compares with the recent volume average of 1.91 million. Toll Brothers has $54.0 highest and $29 lowest target. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 6.75.

Horsham, PA, December 5, 2017-Toll Brothers reported net income of $191.9 million for Q4 2017, compared to net income of $114.4 million for Q4 2016. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. The firm's revenue for the quarter was up 9.3% compared to the same quarter a year ago.

Toll Brothers, Inc. (NYSE: TOL) has grabbed attention from the analysts when it experienced a change of -6.61% in the current trading session to trade at $47.31.

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Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities.


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