Toll Brothers profit, revenue jump on higher demand


As regular trading ended, Toll Brothers, Inc.

The stock has a market cap of $7.98B and the number of outstanding shares has been calculated 157.50M. Bank of New York Mellon Corp lifted its stake in shares of Toll Brothers by 56.1% in the 3rd quarter.

Several other large investors have also recently made changes to their positions in TOL.

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Toll Brothers shares have climbed 63 percent since the beginning of the year. Andra AP fonden now owns 73,300 shares of the construction company's stock worth $3,040,000 after purchasing an additional 2,000 shares during the period. Veritable L.P. grew its position in Toll Brothers by 0.9% in the second quarter. Hl Ltd Co has 1.75% invested in General Electric Company (NYSE:GE) for 3.25M shares. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. FMR LLC increased its position in shares of Toll Brothers by 13.4% during the 2nd quarter. (TOL) changed at hands on unusually higher volume in current trading, as the stock is sinking -7.03% with share value at $47.10. Institutional investors own 82.52% of the company's stock. The company's quarterly EPS surprised Wall Street by as much as 1% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. As per Thursday, November 2, the company rating was upgraded by KeyBanc Capital Markets.

WARNING: "KeyCorp Downgrades Toll Brothers (TOL) to Overweight" was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $47.00 price objective on shares of Toll Brothers in a research note on Friday, October 20th. The stock now has an average rating of "Hold" and an average target price of $44.71.

US stocks are slightly higher this afternoon. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of the firm's stock in a transaction on Tuesday, October 31st. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. The disclosure for this sale can be found here. UTStarcom Holdings Corp. (UTSI) maintained activity of 0.15 million shares that trade hands on average basis.

Toll Brothers Inc (NYSE TOL) traded down $3.73 during trading hours on Tuesday, reaching $46.93. 5,002,000 shares of the stock were exchanged, compared to its average volume of 1,956,197. TOL's debt-to-equity ratio stands at 84.31%, which indicates that its debt can cause trouble for the company in a downturn but it is still at a manageable level. Toll Brothers Inc has a 12-month low of $30.44 and a 12-month high of $51.08.

Toll Brothers, Inc. most recently reported earnings per share (EPS) of $0.7 for the July 2017 versus $0.61 in the same quarter previous year, representing 15% growth. Finally, Zacks Investment Research cut shares of Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, August 23rd. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The stock go up so far this year; showing a rise of 175.00% and added with positive flow of 12.47% during recent week. The firm's revenue was up 9.3% compared to the same quarter last year. equities research analysts predict that Toll Brothers Inc will post 3.2 EPS for the current fiscal year. If you are accessing this news story on another publication, it was illegally copied and republished in violation of USA and global trademark & copyright laws.

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And home building deliveries were 2,424 units, also up 9%. The firm operates through two divisions, Traditional Home Building and City Living.