Covalent Partners LLC Holding in Toll Brothers INC (TOL) Decreased by $4.53 Million as Valuation Rose

July 18, 2017 - By Migdalia James

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.16, from 1.06 in 2016Q3. It dropped, as 44 investors sold TOL shares while 122 reduced holdings. 51 funds opened positions while 98 raised stakes. 127.52 million shares or 0.93% more from 126.34 million shares in 2016Q3 were reported. Caisse De Depot Et Placement Du Quebec stated it has 0.01% of its portfolio in Toll Brothers Inc (NYSE:TOL). Tower Cap Limited Liability Company (Trc) stated it has 0% of its portfolio in Toll Brothers Inc (NYSE:TOL). Northern accumulated 0.01% or 1.33 million shares. Neuberger Berman Llc has 2.61M shares. Price T Rowe Associates Md holds 0% or 236,784 shares. Axa has invested 0.04% in Toll Brothers Inc (NYSE:TOL). 10,600 were accumulated by Etrade Capital Llc. Metropolitan Life Insurance Communication New York, a New York-based fund reported 142,502 shares. Earnest Ltd Co reported 0% of its portfolio in Toll Brothers Inc (NYSE:TOL). Oregon Employees Retirement Fund has 72,357 shares for 0.05% of their portfolio. Cibc World Markets reported 0.01% of its portfolio in Toll Brothers Inc (NYSE:TOL). Brinker reported 7,439 shares stake. Qs Llc reported 4,966 shares or 0% of all its holdings. Amp Investors reported 0.02% stake. Bourgeon Lc reported 47,255 shares.

Since February 23, 2017, it had 0 buys, and 15 selling transactions for $17.53 million activity. The insider BRAEMER RICHARD J sold 15,000 shares worth $566,087. The insider Yearley Douglas C. Jr. sold 8,250 shares worth $297,000. $283,651 worth of Toll Brothers Inc (NYSE:TOL) shares were sold by Hartman Richard T.. Shares for $93,508 were sold by SICREE JOSEPH R. On Friday, February 24 the insider BOEHNE EDWARD G sold $572,533. Connor Martin P. sold $76,900 worth of stock.

Robert Hockett decreased its stake in Toll Brothers Inc (TOL) by 25.87% based on its latest 2016Q4 regulatory filing with the SEC. Covalent Partners Llc sold 146,145 shares as the company’s stock rose 20.17% with the market. The hedge fund run by Robert Hockett held 418,672 shares of the homebuilding company at the end of 2016Q4, valued at $12.98 million, down from 564,817 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Toll Brothers Inc for a number of months, seems to be less bullish one the $6.47B market cap company. The stock decreased 0.75% or $0.3 on July 17, reaching $39.87. About shares traded. Toll Brothers Inc (NYSE:TOL) has risen 41.46% since July 18, 2016 and is uptrending. It has outperformed by 24.76% the S&P500.

Covalent Partners Llc, which manages about $968.54M and $269.14M US Long portfolio, upped its stake in Lgi Homes Inc (NASDAQ:LGIH) by 120,892 shares to 492,937 shares, valued at $14.16 million in 2016Q4, according to the filing. It also increased its holding in M/I Homes Inc (NYSE:MHO) by 144,227 shares in the quarter, for a total of 403,538 shares, and has risen its stake in D R Horton Inc (NYSE:DHI).

More notable recent Toll Brothers Inc (NYSE:TOL) news were published by: Zacks.com which released: “Is Toll Brothers (TOL) a Great Stock for Value Investors?” on July 03, 2017, also Globenewswire.com with their article: “Toll Brothers Announces Cash Dividend” published on June 20, 2017, Nasdaq.com published: “Toll Brothers Inc. (TOL) Ex-Dividend Date Scheduled for July 12, 2017” on July 11, 2017. More interesting news about Toll Brothers Inc (NYSE:TOL) were released by: Barrons.com and their article: “Barclays Cuts Toll Brothers To Sell Amid Slowing Buyer Traffic” published on July 11, 2017 as well as Bizjournals.com‘s news article titled: “Loan backed by building occupied by Toll Brothers HQ in foreclosure” with publication date: June 29, 2017.

Toll Brothers Inc (NYSE:TOL) Ratings Coverage

Among 23 analysts covering Toll Brothers (NYSE:TOL), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Toll Brothers has $48 highest and $29 lowest target. $39.11’s average target is -1.91% below currents $39.87 stock price. Toll Brothers had 51 analyst reports since August 12, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, October 13 by Morgan Stanley. The company was downgraded on Wednesday, April 20 by Zelman. Buckingham Research maintained the stock with “Buy” rating in Wednesday, August 24 report. The stock of Toll Brothers Inc (NYSE:TOL) has “Neutral” rating given on Wednesday, August 12 by UBS. The stock of Toll Brothers Inc (NYSE:TOL) earned “Buy” rating by Zacks on Monday, August 17. The company was downgraded on Tuesday, July 11 by Barclays Capital. The rating was initiated by Wedbush on Tuesday, December 6 with “Neutral”. As per Thursday, February 25, the company rating was maintained by RBC Capital Markets. Barclays Capital initiated the stock with “Equal Weight” rating in Friday, January 6 report. The stock of Toll Brothers Inc (NYSE:TOL) has “Sector Perform” rating given on Thursday, December 10 by RBC Capital Markets.

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