Hennessy Advisors Inc. Reduces Stake in Toll Brothers, Inc. (NYSE:TOL)

Hennessy Advisors Inc. trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,800 shares of the construction company's stock after selling 8,100 shares during the quarter. Hennessy Advisors Inc. owned about 0.07% of Toll Brothers worth $7,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TOL. Union Bancaire Privee UBP SA purchased a new position in Toll Brothers during the fourth quarter worth about $15,253,000. Focus Financial Network Inc. bought a new stake in Toll Brothers during the fourth quarter worth about $351,000. Van ECK Associates Corp lifted its stake in Toll Brothers by 30.2% during the fourth quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company's stock worth $10,429,000 after purchasing an additional 19,214 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Toll Brothers by 28.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 8,064 shares of the construction company's stock worth $1,020,000 after purchasing an additional 1,764 shares during the last quarter. Finally, Vicus Capital lifted its stake in Toll Brothers by 20.1% during the fourth quarter. Vicus Capital now owns 1,623 shares of the construction company's stock worth $204,000 after purchasing an additional 272 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TOL shares. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Bank of America lowered their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and an average price target of $141.08.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $3.07 during trading on Friday, reaching $107.48. 1,372,311 shares of the stock traded hands, compared to its average volume of 1,574,276. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.35. The business has a fifty day simple moving average of $102.29 and a two-hundred day simple moving average of $116.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 earnings per share. Sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS 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.