ClariVest Asset Management LLC Has $3.14 Million Holdings in Toll Brothers Inc (NYSE:TOL)

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ClariVest Asset Management LLC reduced its position in shares of Toll Brothers Inc (NYSE:TOL) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,724 shares of the construction company’s stock after selling 800 shares during the period. ClariVest Asset Management LLC’s holdings in Toll Brothers were worth $3,139,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TOL. Boston Partners acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $116,690,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Toll Brothers by 259.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,688,545 shares of the construction company’s stock worth $154,394,000 after purchasing an additional 3,384,353 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Toll Brothers by 1,967.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after purchasing an additional 1,680,413 shares during the last quarter. Norges Bank acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $55,091,000. Finally, Lakewood Capital Management LP acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $24,877,000. 80.00% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Credit Suisse Group reissued a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a research report on Friday, February 15th. Barclays set a $33.00 target price on shares of Toll Brothers and gave the stock a “sell” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada set a $37.00 target price on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.40.

TOL opened at $37.00 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68. Toll Brothers Inc has a 1 year low of $28.68 and a 1 year high of $40.35. The company has a market capitalization of $5.27 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.10 and a beta of 1.02.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.10. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. During the same period last year, the company earned $0.72 earnings per share. As a group, equities research analysts anticipate that Toll Brothers Inc will post 3.9 EPS for the current year.

In other Toll Brothers news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total transaction of $371,800.00. Following the transaction, the president now directly owns 76,461 shares of the company’s stock, valued at $2,842,819.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Carl B. Marbach sold 3,000 shares of Toll Brothers stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $35.14, for a total transaction of $105,420.00. Following the transaction, the director now directly owns 85,463 shares in the company, valued at $3,003,169.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,000 shares of company stock worth $1,262,150. 9.69% of the stock is currently owned by corporate insiders.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, 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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