Covalent Partners buys $16,503,953 stake in Toll Brothers Inc (TOL)

Toll Brothers Inc (TOL) : Covalent Partners scooped up 55,817 additional shares in Toll Brothers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 564,817 shares of Toll Brothers Inc which is valued at $16,503,953.Toll Brothers Inc makes up approximately 7.00% of Covalent Partners’s portfolio.

Other Hedge Funds, Including , Carlson Capital L P boosted its stake in TOL in the latest quarter, The investment management firm added 81,700 additional shares and now holds a total of 165,000 shares of Toll Brothers Inc which is valued at $4,821,300. Toll Brothers Inc makes up approx 0.06% of Carlson Capital L P’s portfolio.Pacer Advisors boosted its stake in TOL in the latest quarter, The investment management firm added 2,094 additional shares and now holds a total of 16,729 shares of Toll Brothers Inc which is valued at $492,000. Toll Brothers Inc makes up approx 0.08% of Pacer Advisors’s portfolio.Matthew 25 Management Corp boosted its stake in TOL in the latest quarter, The investment management firm added 30,000 additional shares and now holds a total of 290,000 shares of Toll Brothers Inc which is valued at $8,012,700. Toll Brothers Inc makes up approx 2.32% of Matthew 25 Management Corp’s portfolio.Emerald Advisers Incpa boosted its stake in TOL in the latest quarter, The investment management firm added 151,940 additional shares and now holds a total of 455,835 shares of Toll Brothers Inc which is valued at $12,494,437. Toll Brothers Inc makes up approx 0.59% of Emerald Advisers Incpa’s portfolio.

Toll Brothers Inc (TOL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $29.25 and reached the intraday high at $29.36. The bulls started the profit booking and pushed the shares to intraday low of $29.01. The trading session was marked by a volume range of 18,27,172 shares exchanging hands. The 52-week high of the shares is $38.15 and the 52-week low is $23.75. The market cap of the company stands at $4,779 M and there are 16,39,94,000 shares in public circulation.

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. 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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