Trinity Street Asset Management Llp buys $39,545,186 stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Trinity Street Asset Management Llp scooped up 13,418 additional shares in Toll Brothers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 1,347,825 shares of Toll Brothers Inc which is valued at $39,545,186.Toll Brothers Inc makes up approximately 6.85% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added TOL to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $11,736.Simplex Trading boosted its stake in TOL in the latest quarter, The investment management firm added 844 additional shares and now holds a total of 1,803 shares of Toll Brothers Inc which is valued at $52,738. Toll Brothers Inc makes up approx 0.01% of Simplex Trading’s portfolio. First Mercantile Trust Co sold out all of its stake in TOL during the most recent quarter. The investment firm sold 12,507 shares of TOL which is valued $365,830.New England Research Management boosted its stake in TOL in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 17,575 shares of Toll Brothers Inc which is valued at $516,529. Toll Brothers Inc makes up approx 0.44% of New England Research Management’s portfolio.Washington Trust Bank boosted its stake in TOL in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 1,023 shares of Toll Brothers Inc which is valued at $30,066. Toll Brothers Inc makes up approx 0.01% of Washington Trust Bank’s portfolio.

Toll Brothers Inc closed down -0.19 points or -0.65% at $29.15 with 17,65,205 shares getting traded on Tuesday. Post opening the session at $29.22, the shares hit an intraday low of $28.93 and an intraday high of $29.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Initiated by Wells Fargo to “Outperform” on Sep 29, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Toll Brothers Inc was Upgraded by Buckingham Research to ” Buy” on Jul 18, 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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