Todays Report: Today, Neuberger Berman Group LLC invests in 1,537,146 by buying Toll Brothers Inc. (TOL) shares

Today, Neuberger Berman Group LLC invests in 1,537,146 by buying Toll Brothers Inc. (TOL) shares

Neuberger Berman Group LLC increased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 87.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,291,501 shares of the company’s stock after buying an additional 1,537,146 shares during the period. Neuberger Berman Group LLC owned about 2.01% of Toll Brothers worth $98,284,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its stake in shares of Toll Brothers by 180.0% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $113,000 after buying an additional 2,700 shares in the last quarter. MSI Financial Services Inc boosted its stake in shares of Toll Brothers by 108.9% in the third quarter. MSI Financial Services Inc now owns 4,652 shares of the company’s stock worth $139,000 after buying an additional 2,425 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Toll Brothers by 497.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,764 shares of the company’s stock worth $155,000 after buying an additional 4,800 shares in the last quarter. Creative Planning boosted its stake in shares of Toll Brothers by 16.2% in the second quarter. Creative Planning now owns 5,915 shares of the company’s stock worth $159,000 after buying an additional 823 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Toll Brothers by 14.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,746 shares of the company’s stock worth $208,000 after buying an additional 989 shares in the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

Shares of Toll Brothers Inc. (NYSE:TOL) opened at 30.37 on Friday. Toll Brothers Inc. has a one year low of $23.75 and a one year high of $38.15. The firm has a 50 day moving average price of $28.54 and a 200 day moving average price of $28.52. The company has a market capitalization of $4.98 billion, a P/E ratio of 13.07 and a beta of 1.22.

A number of research analysts recently issued reports on TOL shares. Buckingham Research lifted their target price on Toll Brothers from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, October 25th. TheStreet raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Evercore ISI started coverage on Toll Brothers in a report on Monday, November 14th. They set a “hold” rating and a $29.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, August 24th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.00.

In related news, President Richard T. Hartman sold 18,310 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total transaction of $567,976.20. Following the sale, the president now owns 47,937 shares in the company, valued at approximately $1,487,005.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.51% of the company’s stock.

Toll Brothers Company Profile

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