Bourgeon Capital Management Lowers stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Bourgeon Capital Management reduced its stake in Toll Brothers Inc by 18.94% during the most recent quarter end. The investment management company now holds a total of 39,805 shares of Toll Brothers Inc which is valued at $1,094,638 after selling 9,300 shares in Toll Brothers Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Toll Brothers Inc makes up approximately 0.68% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in TOL during the most recent quarter. The investment firm sold 5,423 shares of TOL which is valued $149,133. Evercore Wealth Management sold out all of its stake in TOL during the most recent quarter. The investment firm sold 723 shares of TOL which is valued $19,883. Simplex Trading added TOL to its portfolio by purchasing 959 company shares during the most recent quarter which is valued at $26,775.New England Research Management reduced its stake in TOL by selling 1,225 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 12,175 shares of TOL which is valued at $321,907. Toll Brothers Inc makes up approx 0.28% of New England Research Management’s portfolio.

Toll Brothers Inc opened for trading at $27.85 and hit $28.065 on the upside on Monday, eventually ending the session at $27.85, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 15,03,553 shares. Company has a market cap of $4,619 M.

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. Toll Brothers Inc was Upgraded by Buckingham Research to ” Buy” on Jul 18, 2016. Toll Brothers Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 11, 2016.

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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