Goldman Sachs Group Inc. Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

Goldman Sachs Group Inc. increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,090,802 shares of the construction company’s stock after buying an additional 12,493 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Toll Brothers were worth $112,124,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC grew its stake in Toll Brothers by 90.4% during the 4th quarter. Virtu Financial LLC now owns 18,964 shares of the construction company’s stock valued at $1,949,000 after purchasing an additional 9,005 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in Toll Brothers in the 4th quarter worth approximately $67,000. Spouting Rock Asset Management LLC purchased a new position in Toll Brothers during the 4th quarter worth approximately $475,000. Basswood Capital Management L.L.C. boosted its holdings in shares of Toll Brothers by 55.6% in the 4th quarter. Basswood Capital Management L.L.C. now owns 180,882 shares of the construction company’s stock valued at $18,593,000 after acquiring an additional 64,622 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its holdings in shares of Toll Brothers by 22.2% in the 4th quarter. Regal Investment Advisors LLC now owns 42,944 shares of the construction company’s stock valued at $4,414,000 after acquiring an additional 7,798 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $1.46 during midday trading on Friday, hitting $119.32. The company’s stock had a trading volume of 1,224,486 shares, compared to its average volume of 1,491,136. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $135.37. The company has a market cap of $12.25 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The business’s 50 day simple moving average is $121.43 and its 200 day simple moving average is $111.88.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned $2.85 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on TOL. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Barclays boosted their target price on shares of Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Finally, Raymond James restated a “strong-buy” rating and set a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.20.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold a total of 21,670 shares of company stock valued at $2,586,315 in the last 90 days. Company insiders own 1.54% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.