Trinity Street Asset Management Llp Lowers stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Trinity Street Asset Management Llp reduced its stake in Toll Brothers Inc by 5.98% during the most recent quarter end. The investment management company now holds a total of 1,488,067 shares of Toll Brothers Inc which is valued at $44,061,664 after selling 94,620 shares in Toll Brothers Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Toll Brothers Inc makes up approximately 8.93% of Trinity Street Asset Management Llp’s portfolio.

Toll Brothers Inc opened for trading at $29.45 and hit $29.79 on the upside on Monday, eventually ending the session at $29.67, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 15,15,324 shares. Company has a market cap of $5,000 M.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in TOL by selling 200 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 13,200 shares of TOL which is valued at $390,852. Toll Brothers Inc makes up approx 0.02% of Oakbrook Investments’s portfolio. Kanaly Trust Co sold out all of its stake in TOL during the most recent quarter. The investment firm sold 70 shares of TOL which is valued $2,073.New England Research Management boosted its stake in TOL in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 13,400 shares of Toll Brothers Inc which is valued at $388,868. Toll Brothers Inc makes up approx 0.33% of New England Research Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in TOL in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 588 shares of Toll Brothers Inc which is valued at $17,064. Toll Brothers Inc makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Toll Brothers Inc reported $0.40 EPS for the quarter, based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $928.60 million for the quarter, compared to analysts expectations of $915.05 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Toll Brothers Inc. Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $35 .Shares were Reiterated by MKM Partners on Feb 24, 2016 to “Buy” and Lowered the Price Target to $ 38 from a previous price target of $45 .Shares were Reiterated by RBC Capital Mkts on Feb 18, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $37 .

Toll Brothers Inc. is a property development company. The Company is engaged in designing building marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up empty-nester active-adult age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development architectural engineering mortgage title landscaping security monitoring lumber distribution house component assembly and manufacturing operations. The Company also develops owns and operates golf courses and country clubs which are associated with planned communities.

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