Handelsbanken Fonder AB Grows Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Handelsbanken Fonder AB lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 423.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,000 shares of the construction company's stock after purchasing an additional 110,000 shares during the quarter. Handelsbanken Fonder AB owned about 0.14% of Toll Brothers worth $14,360,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TOL. Union Bancaire Privee UBP SA bought a new position in Toll Brothers in the 4th quarter valued at about $15,253,000. Savant Capital LLC lifted its position in Toll Brothers by 3.7% in the 4th quarter. Savant Capital LLC now owns 16,841 shares of the construction company's stock valued at $2,121,000 after acquiring an additional 597 shares in the last quarter. Focus Financial Network Inc. bought a new position in Toll Brothers in the 4th quarter valued at about $351,000. Van ECK Associates Corp increased its stake in Toll Brothers by 30.2% in the 4th quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company's stock valued at $10,429,000 after buying an additional 19,214 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Toll Brothers by 28.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 8,064 shares of the construction company's stock valued at $1,020,000 after buying an additional 1,764 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 2.8%

Toll Brothers stock traded down $3.07 during mid-day trading on Friday, hitting $107.48. The company's stock had a trading volume of 1,372,311 shares, compared to its average volume of 1,572,877. 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 stock has a market cap of $10.55 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The business has a 50 day moving average price of $102.29 and a 200-day moving average price of $116.97. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 earnings per share. As a group, analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Analyst Upgrades and Downgrades

TOL has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, June 3rd. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada cut their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Finally, UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.