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

Wedge Capital Management L L P NC raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 44.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,826 shares of the construction company’s stock after purchasing an additional 12,271 shares during the period. Wedge Capital Management L L P NC’s holdings in Toll Brothers were worth $4,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TOL. Union Bancaire Privee UBP SA bought a new position in shares of Toll Brothers during the 4th quarter valued at approximately $15,253,000. OMC Financial Services LTD bought a new position in Toll Brothers during the fourth quarter valued at $2,330,000. Savant Capital LLC grew its stake in shares of Toll Brothers by 3.7% in the 4th quarter. Savant Capital LLC now owns 16,841 shares of the construction company’s stock worth $2,121,000 after buying an additional 597 shares in the last quarter. Focus Financial Network Inc. bought a new stake in shares of Toll Brothers in the 4th quarter worth about $351,000. Finally, Van ECK Associates Corp raised its position in shares of Toll Brothers by 30.2% during the 4th quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company’s stock valued at $10,429,000 after buying an additional 19,214 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TOL. Evercore ISI reiterated an “outperform” rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Raymond James reissued a “strong-buy” rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their price target on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, May 20th. The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Toll Brothers from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.08.

Toll Brothers Trading Up 2.1%

NYSE TOL opened at $109.57 on Tuesday. The stock has a market cap of $10.76 billion, a PE ratio of 7.54, a PEG ratio of 1.02 and a beta of 1.35. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company’s 50-day moving average price is $101.21 and its 200-day moving average price is $117.86. 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 (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.38 EPS. Equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Company 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.