Greenhaven Associates INC Stake in Toll Brothers INC (Tol) (TOL) Has Decreased by $6.44 Million

April 17, 2018 - By Nellie Frank

Toll Brothers, Inc. (NYSE:TOL) LogoInvestors sentiment decreased to 1.2 in Q4 2017. Its down 0.22, from 1.42 in 2017Q3. It turned negative, as 36 investors sold TOL shares while 118 reduced holdings. 79 funds opened positions while 106 raised stakes. 128.07 million shares or 3.69% less from 132.98 million shares in 2017Q3 were reported. Twin Tree Management Lp owns 626 shares for 0% of their portfolio. Cibc World, a Ontario – Canada-based fund reported 5,404 shares. Qs Invsts Lc accumulated 37,921 shares or 0.02% of the stock. Fin Architects holds 15 shares. Credit Suisse Ag holds 0.02% or 387,284 shares. Smithfield Trust invested in 0.02% or 3,255 shares. Trinity Street Asset Limited Liability Partnership reported 4.09% stake. Bridgeway Capital Inc reported 141,000 shares. Moreover, Brown Capital Limited Co has 0.02% invested in Toll Brothers, Inc. (NYSE:TOL) for 29,132 shares. Virtu Ltd Llc holds 0.01% or 5,713 shares in its portfolio. Moreover, Qci Asset Mgmt Incorporated New York has 0% invested in Toll Brothers, Inc. (NYSE:TOL) for 200 shares. Vanguard Grp Inc has invested 0.03% in Toll Brothers, Inc. (NYSE:TOL). American Century Incorporated stated it has 9,168 shares. Eulav Asset Mngmt reported 48,000 shares. Morgan Stanley owns 0.02% invested in Toll Brothers, Inc. (NYSE:TOL) for 1.23M shares.

Since October 19, 2017, it had 0 buys, and 8 sales for $5.88 million activity. $217,250 worth of Toll Brothers, Inc. (NYSE:TOL) shares were sold by Connor Martin P.. SHAPIRO PAUL E had sold 25,000 shares worth $1.29M. 20,000 Toll Brothers, Inc. (NYSE:TOL) shares with value of $1.01M were sold by MARBACH CARL B. Hartman Richard T. had sold 8,537 shares worth $392,742 on Tuesday, October 31. Yearley Douglas C. Jr. had sold 20,000 shares worth $996,584 on Tuesday, December 26. SICREE JOSEPH R sold $231,681 worth of stock or 4,500 shares.

Edgar Wachenheim decreased its stake in Toll Brothers Inc. (Tol) (TOL) by 3.29% based on its latest 2017Q4 regulatory filing with the SEC. Greenhaven Associates Inc sold 134,251 shares as the company’s stock declined 8.23% with the market. The hedge fund run by Edgar Wachenheim held 3.94M shares of the homebuilding company at the end of 2017Q4, valued at $189.28 million, down from 4.08M at the end of the previous reported quarter. Greenhaven Associates Inc who had been investing in Toll Brothers Inc. (Tol) for a number of months, seems to be less bullish one the $6.48B market cap company. The stock increased 0.80% or $0.34 during the last trading session, reaching $42.69. About 2.92 million shares traded or 32.62% up from the average. Toll Brothers, Inc. (NYSE:TOL) has risen 20.93% since April 17, 2017 and is uptrending. It has outperformed by 9.38% the S&P500.

Analysts await Toll Brothers, Inc. (NYSE:TOL) to report earnings on May, 22. They expect $0.77 EPS, up 5.48 % or $0.04 from last year’s $0.73 per share. TOL’s profit will be $116.90M for 13.86 P/E if the $0.77 EPS becomes a reality. After $0.63 actual EPS reported by Toll Brothers, Inc. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

Toll Brothers, Inc. (NYSE:TOL) Ratings Coverage

Among 11 analysts covering Toll Brothers (NYSE:TOL), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Toll Brothers has $61.0 highest and $45.0 lowest target. $54.56’s average target is 27.81% above currents $42.69 stock price. Toll Brothers had 22 analyst reports since October 19, 2017 according to SRatingsIntel. Mizuho maintained Toll Brothers, Inc. (NYSE:TOL) rating on Thursday, January 18. Mizuho has “Buy” rating and $58.0 target. UBS maintained the stock with “Buy” rating in Wednesday, December 6 report. The firm earned “Hold” rating on Tuesday, December 5 by Keefe Bruyette & Woods. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, October 31. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Buy” rating by Susquehanna given on Thursday, January 4. Mizuho maintained it with “Buy” rating and $52.0 target in Wednesday, December 6 report. UBS maintained it with “Buy” rating and $58.0 target in Wednesday, January 17 report. The company was downgraded on Thursday, December 7 by Raymond James. Mizuho maintained it with “Buy” rating and $54.0 target in Wednesday, February 28 report.

Toll Brothers, Inc. (NYSE:TOL) Institutional Positions Chart

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