Toll Brothers Inc (NYSE:TOL) 2016 Q4 Institutional Investor Sentiment Steady
- Author: Zachary Reyes May 24, 2017,
May 24, 2017, 3:17
USA luxury homebuilder Toll Brothers Inc reported a 40 percent rise in quarterly profit as it sold more homes and said its orders jumped 26 percent. Manufacturers Life Insurance Co The invested in 204,674 shares or 0.01% of the stock. Toll Brothers earned a news sentiment score of 0.16 on AlphaOne's scale.
A number of other large investors also recently modified their holdings of the company. (NYSE:TOL) sales have annually surged 28.50% on average, however its earnings per share growth remained at 56.00%. The Denver Investment Advisors Llc holds 22,780 shares with $1.12M value, up from 4,706 last quarter.
Current levels places Toll Brothers, Inc. Jennison Associates LLC raised its position in shares of Toll Brothers by 89.8% in the first quarter. Family Mgmt, New York-based fund reported 44,050 shares.
With the recent move, the stock now boasts a market cap of 6123.21and a beta of 1.52. (NYSE:TOL)'s stock was 22.68%. Following the sale, the president now directly owns 31,770 shares in the company, valued at approximately $1,175,490. Institutional investors and hedge funds own 76.85% of the company's stock. (NYSE:TOL) was up +0.50% during the last trading session, with a day high of 38.29. 127.52 million shares or 0.93% more from 126.34 million shares in 2016Q3 were reported. Recently, the stock has been moved 43.00% from its 200-day simple moving average. The current share price indicates that stock is 0.08% away from its one year high and is moving 50.38% ahead of its 52-week low. Toll Brothers also was the recipient of some unusual options trading activity on Monday. Affinity Invest Ltd Limited Liability Company holds 6,737 shares. During the key period of last 5 years, Toll Brothers, Inc. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.11.
Ratings analysis reveals 41% of Toll Brothers's analysts are positive.
Among 7 analysts covering Absolute Software (TSE:ABT), 2 have Buy rating, 1 Sell and 4 Hold. They expect $2.72 earnings per share, down 7.80% or $0.23 from last year's $2.95 per share. The business's revenue was up 22.2% on a year-over-year basis.
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Several research analysts have weighed in on TOL shares. For the past month, Toll Brothers, Inc.'s stock has been 5.11%, 18.88% for the last quarter, 30.51% for the past six months and 37.94% for the past 52 weeks. Mizuho initiated coverage on shares of Toll Brothers in a research report on Tuesday, May 16th.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 19.15%, and has a solid year to date (YTD) performance of 22.68% which means the stock is constantly adding to its value from the previous fiscal year end price. The stock's average target of $37.53 is -0.82% below today's ($37.84) share price. Zacks Investment Research raised shares of Toll Brothers from a hold rating to a buy rating and set a $35.00 target price for the company in a research report on Tuesday, February 7th. Cormark Securities downgraded the shares of ABT in report on Wednesday, May 11 to "Market Perform" rating. Buy rating has been given by 14 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 6 analysts given HOLD rating.
On 3/10/2017 Joseph R Sicree, Insider, sold 1,900 with an average share price of $36.41 per share and the total transaction amounting to $69,179.00. The 52-week range of the share price is from $25.29 - $38.29. Following the completion of the sale, the insider now directly owns 24,667 shares of the company's stock, valued at $898,125.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
In related news, CEO Douglas C. Jr. 17,000 shares valued at $572,533 were sold by BOEHNE EDWARD G on Friday, February 24. The shares were sold at an average price of $33.68, for a total transaction of $572,560.00. The disclosure for this sale can be found here. The company has a market cap of $5.04B and its 12 month revenue was nearly $11.88B. Corporate insiders own 8.78% of the company's stock.