Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Opinicus Capital Inc.

Opinicus Capital Inc. raised its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,996 shares of the construction company's stock after purchasing an additional 3,178 shares during the quarter. Toll Brothers accounts for 1.5% of Opinicus Capital Inc.'s portfolio, making the stock its 18th largest position. Opinicus Capital Inc.'s holdings in Toll Brothers were worth $1,689,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Toll Brothers in the fourth quarter valued at $149,924,000. Balyasny Asset Management L.P. boosted its stake in shares of Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after buying an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in Toll Brothers during the fourth quarter worth about $106,428,000. Junto Capital Management LP purchased a new position in Toll Brothers during the fourth quarter valued at approximately $54,929,000. Finally, FMR LLC lifted its holdings in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after acquiring an additional 410,394 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Toll Brothers stock traded down $3.07 during midday trading on Friday, reaching $107.48. The company had a trading volume of 1,372,311 shares, compared to its average volume of 1,574,276. 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 12-month low of $86.67 and a 12-month high of $169.52. The company has a market capitalization of $10.55 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.35. The firm's fifty day simple moving average is $102.29 and its 200-day simple moving average is $116.64.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TOL shares. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, June 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. Finally, Royal Bank of Canada dropped their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $141.08.

Toll Brothers 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.