Bridgewater Associates Lp buys $16,912,116 stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Bridgewater Associates Lp scooped up 46,652 additional shares in Toll Brothers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 604,652 shares of Toll Brothers Inc which is valued at $16,912,116.Toll Brothers Inc makes up approximately 0.20% of Bridgewater Associates Lp’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors added TOL to its portfolio by purchasing 36 company shares during the most recent quarter which is valued at $1,011.Neuberger Berman Group reduced its stake in TOL by selling 1,949 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 1,754,355 shares of TOL which is valued at $48,806,156. Toll Brothers Inc makes up approx 0.06% of Neuberger Berman Group’s portfolio. Princeton Alpha Management Lp sold out all of its stake in TOL during the most recent quarter. The investment firm sold 37,292 shares of TOL which is valued $1,037,463.Sippican Capital Advisors reduced its stake in TOL by selling 27,650 shares or 70.84% in the most recent quarter. The Hedge Fund company now holds 11,380 shares of TOL which is valued at $326,265. Toll Brothers Inc makes up approx 0.37% of Sippican Capital Advisors’s portfolio.

Toll Brothers Inc opened for trading at $28.56 and hit $29.04 on the upside on Friday, eventually ending the session at $28.78, with a gain of 0.56% or 0.16 points. The heightened volatility saw the trading volume jump to 29,52,985 shares. Company has a market cap of $4,773 M.

On the company’s financial health, Toll Brothers Inc reported $0.61 EPS for the quarter, based on the information available during the earnings call on Aug 23, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $1269.90 million for the quarter, compared to analysts expectations of $1246.00 million. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 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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