PKO Investment Management Joint Stock Co Buys 8,000 Shares of Toll Brothers, Inc. (NYSE:TOL)

PKO Investment Management Joint Stock Co boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 94.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,500 shares of the construction company's stock after buying an additional 8,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Toll Brothers were worth $1,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Insigneo Advisory Services LLC lifted its position in Toll Brothers by 13.5% during the 1st quarter. Insigneo Advisory Services LLC now owns 2,258 shares of the construction company's stock worth $238,000 after acquiring an additional 268 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares during the last quarter. New England Research & Management Inc. grew its holdings in Toll Brothers by 6.0% in the 1st quarter. New England Research & Management Inc. now owns 23,010 shares of the construction company's stock valued at $2,430,000 after buying an additional 1,300 shares during the last quarter. Opinicus Capital Inc. increased its position in Toll Brothers by 24.8% in the 1st quarter. Opinicus Capital Inc. now owns 15,996 shares of the construction company's stock worth $1,689,000 after buying an additional 3,178 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Toll Brothers by 0.7% during the first quarter. NorthCrest Asset Manangement LLC now owns 23,676 shares of the construction company's stock worth $2,500,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James restated a "strong-buy" rating and issued a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Finally, Royal Bank of Canada dropped their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.08.

Toll Brothers Stock Down 3.4%

TOL traded down $3.65 on Tuesday, hitting $104.84. 1,964,490 shares of the company were exchanged, compared to its average volume of 1,576,928. The stock's fifty day moving average is $102.64 and its 200-day moving average is $115.91. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company has a market cap of $10.29 billion, a PE ratio of 7.22, a PEG ratio of 1.02 and a beta of 1.35.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $3.38 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

About Toll Brothers

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.