Could Toll Brothers Inc (NYSE:TOL) Go Up After Its Newest Short Interest Report?

October 13, 2018 - By Dolores Ford

Toll Brothers, Inc. (NYSE:TOL) Logo

Investors sentiment is 0.88 in 2018 Q2. Its the same as in 2018Q1. It has no change, as 42 investors sold Toll Brothers, Inc. shares while 128 reduced holdings. only 42 funds opened positions while 108 raised stakes. 117.56 million shares or 5.59% less from 124.53 million shares in 2018Q1 were reported.
Vanguard Grp has 12.96M shares. Moreover, British Columbia Inv Management has 0.03% invested in Toll Brothers, Inc. (NYSE:TOL) for 76,915 shares. Sandy Spring National Bank reported 0% in Toll Brothers, Inc. (NYSE:TOL). Brandywine Investment Mngmt Ltd Com has 0.04% invested in Toll Brothers, Inc. (NYSE:TOL). Leuthold Gp Ltd Liability Corp owns 163,103 shares. Hartford Investment Mngmt Company holds 0.03% or 29,619 shares. Verition Fund Lc reported 0.04% stake. Wells Fargo And Communications Mn reported 752,747 shares stake. State Treasurer State Of Michigan accumulated 0.02% or 52,000 shares. Quantbot Tech Lp reported 19,267 shares or 0.05% of all its holdings. Riverhead Cap Lc reported 160,905 shares. Maryland-based Mount Vernon Associate Md has invested 1.85% in Toll Brothers, Inc. (NYSE:TOL). Amp Invsts Limited holds 172,198 shares or 0.04% of its portfolio. State Of Alaska Department Of Revenue owns 16,790 shares. 72,416 were accumulated by Mason Street Advisors Ltd Liability Corp.

Since August 23, 2018, it had 0 insider buys, and 2 insider sales for $1.21 million activity. On Thursday, August 23 the insider BOEHNE EDWARD G sold $639,950.

The stock of Toll Brothers Inc (NYSE:TOL) registered an increase of 4.64% in short interest. TOL’s total short interest was 8.68M shares in October as published by FINRA. Its up 4.64% from 8.29M shares, reported previously. With 4.00 million shares average volume, it will take short sellers 2 days to cover their TOL’s short positions. The short interest to Toll Brothers Inc’s float is 6.19%.

The stock decreased 0.35% or $0.11 during the last trading session, reaching $31.24. About 3.64 million shares traded or 35.17% up from the average. Toll Brothers, Inc. (NYSE:TOL) has declined 8.08% since October 13, 2017 and is downtrending. It has underperformed by 23.70% the S&P500.

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company has market cap of $4.60 billion. The firm operates through two divisions, Traditional Home Building and City Living. It has a 7.84 P/E ratio. It also manufactures and sells homes in urban infill markets through Toll Brothers City Living.

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

Among 7 analysts covering Toll Brothers (NYSE:TOL), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Toll Brothers had 7 analyst reports since May 23, 2018 according to SRatingsIntel. Bank of America maintained it with “Buy” rating and $63 target in Wednesday, August 22 report. The stock has “Hold” rating by Citigroup on Tuesday, June 19. The stock of Toll Brothers, Inc. (NYSE:TOL) has “Neutral” rating given on Wednesday, May 23 by JP Morgan. Deutsche Bank maintained Toll Brothers, Inc. (NYSE:TOL) rating on Thursday, May 24. Deutsche Bank has “Buy” rating and $51 target. Maxim Group maintained it with “Buy” rating and $53 target in Wednesday, May 23 report. The stock of Toll Brothers, Inc. (NYSE:TOL) has “Neutral” rating given on Wednesday, May 23 by Credit Suisse. On Friday, September 14 the stock rating was maintained by Barclays Capital with “Underweight”.

Another recent and important Toll Brothers, Inc. (NYSE:TOL) news was published by Seekingalpha.com which published an article titled: “Bank stocks gain as Treasuries, homebuilders sink” on October 03, 2018.

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

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