Mark Asset Management Corp buys $13.9 Million stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Mark Asset Management Corp scooped up 29,158 additional shares in Toll Brothers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 522,878 shares of Toll Brothers Inc which is valued at $13.9 Million.Toll Brothers Inc makes up approximately 4.13% of Mark Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in TOL in the latest quarter, The investment management firm added 17,454 additional shares and now holds a total of 11,124,665 shares of Toll Brothers Inc which is valued at $295.5 Million. Toll Brothers Inc makes up approx 0.02% of Vanguard Group Inc’s portfolio. Hgi Capital Management sold out all of its stake in TOL during the most recent quarter. The investment firm sold 25,234 shares of TOL which is valued $670,215.Korea Investment Corp boosted its stake in TOL in the latest quarter, The investment management firm added 493,949 additional shares and now holds a total of 644,000 shares of Toll Brothers Inc which is valued at $17.1 Million. Toll Brothers Inc makes up approx 0.13% of Korea Investment Corp’s portfolio.Banque Pictet Cie Sa reduced its stake in TOL by selling 810 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 209,800 shares of TOL which is valued at $5.6 Million. Toll Brothers Inc makes up approx 0.15% of Banque Pictet Cie Sa’s portfolio.

Toll Brothers Inc closed down -0.37 points or -1.26% at $29.09 with 38,79,264 shares getting traded on Wednesday. Post opening the session at $29.78, the shares hit an intraday low of $29.015 and an intraday high of $29.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Toll Brothers Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.46. The company had revenue of $1115.60 million for the quarter, compared to analysts expectations of $1039.50 million. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 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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