UMB Bank n.a. Increases Stock Position in Toll Brothers, Inc. (NYSE:TOL)

UMB Bank n.a. increased its position in Toll Brothers, Inc. (NYSE:TOL) by 83.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 950 shares of the construction company’s stock after acquiring an additional 431 shares during the period. UMB Bank n.a.’s holdings in Toll Brothers were worth $100,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TOL. Greenhaven Associates Inc. increased its position in Toll Brothers by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company’s stock worth $587,353,000 after buying an additional 26,079 shares in the last quarter. FMR LLC raised its stake in Toll Brothers by 19.4% during the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after purchasing an additional 410,394 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after acquiring an additional 35,001 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock valued at $153,234,000 after buying an additional 239,917 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TOL has been the subject of several analyst reports. Barclays reissued an “underweight” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Royal Bank of Canada cut their target price on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Raymond James reiterated a “strong-buy” rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.08.

Toll Brothers Trading Up 1.1%

NYSE TOL opened at $110.55 on Friday. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market capitalization of $10.85 billion, a PE ratio of 7.61, a P/E/G ratio of 1.02 and a beta of 1.35. The company has a fifty day moving average of $101.96 and a 200 day moving average of $117.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $3.38 earnings per share. Research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Company Profile

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.