Wedge Capital Management L L P NC Increases Stake in Toll Brothers, Inc. (NYSE:TOL)

Wedge Capital Management L L P NC increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 44.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,826 shares of the construction company’s stock after acquiring an additional 12,271 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Toll Brothers were worth $4,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in Toll Brothers in the fourth quarter valued at about $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at about $29,000. IAG Wealth Partners LLC boosted its holdings in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after buying an additional 238 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company’s stock worth $40,000 after acquiring an additional 290 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Oppenheimer lowered their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. Evercore ISI restated an “outperform” rating and set a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Bank of America decreased their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.08.

Toll Brothers Stock Performance

TOL opened at $109.57 on Tuesday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The firm has a 50 day moving average of $101.21 and a two-hundred day moving average of $117.86. The firm has a market capitalization of $10.76 billion, a PE ratio of 7.54, a P/E/G ratio of 1.02 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 earnings per share. On average, analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.