Arizona State Retirement System reduced its position in Toll Brothers Inc. (NYSE:TOL) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,089 shares of the company’s stock after selling 900 shares during the period. Arizona State Retirement System’s holdings in Toll Brothers were worth $2,003,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in Toll Brothers by 14.5% in the second quarter. Fisher Asset Management LLC now owns 581,604 shares of the company’s stock worth $16,250,000 after buying an additional 73,597 shares in the last quarter. Trinity Street Asset Management LLP increased its stake in Toll Brothers by 1.0% in the third quarter. Trinity Street Asset Management LLP now owns 1,347,825 shares of the company’s stock worth $40,246,000 after buying an additional 13,418 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Toll Brothers by 4.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,245,000 shares of the company’s stock worth $60,413,000 after buying an additional 90,000 shares in the last quarter. British Columbia Investment Management Corp increased its stake in Toll Brothers by 54.3% in the second quarter. British Columbia Investment Management Corp now owns 63,596 shares of the company’s stock worth $1,711,000 after buying an additional 22,380 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in Toll Brothers by 0.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 263,353 shares of the company’s stock worth $7,087,000 after buying an additional 865 shares in the last quarter. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

Toll Brothers Inc. (NYSE:TOL) traded up 1.46% during midday trading on Tuesday, reaching $30.61. 2,396,059 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 13.18 and a beta of 1.22. The firm’s 50 day moving average is $28.56 and its 200 day moving average is $28.57. Toll Brothers Inc. has a 52 week low of $23.75 and a 52 week high of $38.15.

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TOL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 24th. TheStreet downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Buckingham Research increased their price objective on shares of Toll Brothers from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, October 25th. Finally, Wells Fargo & Co. began coverage on shares of Toll Brothers in a research report on Wednesday, September 28th. They set an “outperform” rating on the stock. Eleven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $36.00.

Toll Brothers Company Profile

Toll Brothers, Inc designs, builds, markets and arranges financing 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 (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.

5 Day Chart for NYSE:TOL

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