CNA Financial Corp continued to hold its position in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,000 shares of the construction company’s stock at the end of the second quarter. CNA Financial Corp’s holdings in Toll Brothers were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its holdings in Toll Brothers by 180.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 24,082 shares of the construction company’s stock valued at $951,000 after purchasing an additional 15,482 shares during the last quarter. Dai Ichi Life Insurance Company Ltd acquired a new position in Toll Brothers in the 2nd quarter valued at about $2,488,000. Alliancebernstein L.P. boosted its holdings in Toll Brothers by 43.5% in the 2nd quarter. Alliancebernstein L.P. now owns 158,141 shares of the construction company’s stock valued at $6,248,000 after purchasing an additional 47,914 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Toll Brothers by 9.5% in the 2nd quarter. Systematic Financial Management LP now owns 1,423,647 shares of the construction company’s stock valued at $56,248,000 after purchasing an additional 124,050 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Toll Brothers by 31.8% in the 2nd quarter. Wells Fargo & Company MN now owns 434,060 shares of the construction company’s stock valued at $17,149,000 after purchasing an additional 104,669 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.
Shares of Toll Brothers Inc. (NYSE TOL) traded up 0.71% during midday trading on Tuesday, hitting $39.95. 84,013 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $38.82 and its 200-day moving average is $37.63. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07. The stock has a market cap of $6.53 billion, a PE ratio of 14.94 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts predict that Toll Brothers Inc. will post $3.20 earnings per share for the current fiscal year.
Several brokerages have recently commented on TOL. Mizuho restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. Bank of America Corporation upped their price objective on shares of Toll Brothers from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Citigroup Inc. upped their price objective on shares of Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $40.27.
In other news, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the transaction, the director now directly owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $40.45, for a total transaction of $80,900.00. Following the transaction, the chief financial officer now directly owns 34,836 shares in the company, valued at $1,409,116.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,500 shares of company stock worth $4,164,071. Corporate insiders own 8.78% of the company’s stock.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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