January 23, 2018

Toll Brothers misses on the top and bottom lines

06 December 2017, 07:52 | Melvin Schneider



Quantbot Technologies LP acquired a new stake in shares of Toll Brothers in the third quarter worth $436,000. Sumitomo Mitsui Trust Holdings Inc. owned about 0.33% of Toll Brothers worth $22,072,000 as of its most recent filing with the Securities and Exchange Commission.

Since June 8, 2017, it had 0 insider purchases, and 2 insider sales for $3.50 million activity. The fund owned 31,372 shares of the construction company's stock after buying an additional 3,700 shares during the period.

On a per-share basis, the Horsham, Pennsylvania-based company said it had profit of $1.17.

Shares of Meridian Waste Solutions, Inc. Teacher Retirement System of Texas lifted its stake in shares of Toll Brothers by 58.4% in the 3rd quarter. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). It also manufactures and sells homes in urban infill markets under the Toll Brothers City Living name.

A number of other hedge funds also recently modified their holdings of TOL.

Toll Brothers Inc (NYSE TOL) traded down $3.73 during trading on Tuesday, hitting $46.93. They issued a "buy" rating and a $50.00 price target for the company. KeyCorp reiterated a "hold" rating on shares of Toll Brothers in a research note on Friday, August 25th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Wednesday, November 15th.

Toll Brothers Inc on Tuesday posted a quarterly profit and revenue that missed analysts' estimates, and reported its slowest order growth in six quarters, sending its shares down in pre-market trade. Similarly, this stock's Cash/Share ratio now stands at 5.84, while the industry's as a whole is 4.28.

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Among 27 analysts covering Toll Brothers (NYSE:TOL), 13 have Buy rating, 1 Sell and 13 Hold. The stock has a beta value of 1.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In related news, Director Paul E. Shapiro sold 16,250 shares of Toll Brothers stock in a transaction on Friday, October 13th. $41.05's average target is -12.72% below currents $47.03 stock price. The disclosure for this sale can be found here. The shares went up by 12.86% in value last month. (NYSE:TOL) has "Buy" rating given on Tuesday, May 23 by RBC Capital Markets. The company had a trading volume of 8,277,105 shares, compared to its average volume of 1,983,209.

Over the past 50 days, Toll Brothers, Inc. stock was -6.11% off of the high and 21.17% removed from the low. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by ($0.02). On Thursday, June 8 BRAEMER RICHARD J sold $566,087 worth of Toll Brothers, Inc. During the quarter, revenue rose 9 percent to $2.03 billion, just under the $2.09 billion target. During the same period in the previous year, the business posted $0.67 earnings per share.

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Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities.

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