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

Wedge Capital Management L L P NC lifted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TOL. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James restated a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $141.08.

Toll Brothers Trading Down 2.3%

Shares of Toll Brothers stock traded down $2.56 during trading hours on Wednesday, hitting $109.39. The company's stock had a trading volume of 1,921,765 shares, compared to its average volume of 1,574,745. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 1.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a fifty day moving average of $101.48 and a 200-day moving average of $117.82.

Toll Brothers (NYSE:TOL - Get Free Report) last issued 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 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%. Toll Brothers's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 EPS. Research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current 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.