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Fmr LLC increased its stake in Toll Brothers by nearly 20%, despite the company missing earnings estimates.
Investment firm Fmr LLC increased its shares in luxury homebuilder Toll Brothers by 19.4%, now owning 2.53% of the company valued at $318.5 million.
Despite a recent stock dividend increase and moderate buy consensus, Toll Brothers missed earnings estimates, reporting $1.75 EPS versus the expected $1.99.
Institutional investors hold 91.76% of Toll Brothers' stock, which has a market cap of $9.28 billion.
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Fmr LLC aumentó su participación en Toll Brothers en casi un 20%, a pesar de que la compañía perdió las estimaciones de ganancias.