Toll Brothers, Inc. (NYSE:TOL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,624 shares of the construction company's stock after selling 2,871 shares during the quarter. SG Americas Securities LLC owned 0.05% of Toll Brothers worth $5,451,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TOL. Norges Bank bought a new stake in Toll Brothers during the fourth quarter valued at approximately $149,924,000. Balyasny Asset Management L.P. raised its stake in Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in Toll Brothers during the fourth quarter valued at $106,428,000. Junto Capital Management LP purchased a new stake in Toll Brothers during the fourth quarter valued at $54,929,000. Finally, 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. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

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

Toll Brothers (NYSE:TOL - Get Free Report) last announced 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 company had revenue of $2.74 billion for 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 firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 EPS. Equities analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on TOL shares. Evercore ISI restated an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James reissued a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. The Goldman Sachs Group decreased their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.08.

About Toll Brothers

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.