Prudential Financial Inc. raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 42.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,433,541 shares of the construction company’s stock after buying an additional 430,220 shares during the period. Prudential Financial Inc. owned 0.88% of Toll Brothers worth $56,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. James Investment Research Inc. acquired a new position in Toll Brothers during the second quarter worth $1,375,000. Russell Investments Group Ltd. increased its position in Toll Brothers by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock worth $6,040,000 after buying an additional 9,723 shares in the last quarter. Emerald Advisers Inc. PA increased its position in Toll Brothers by 0.8% in the first quarter. Emerald Advisers Inc. PA now owns 266,598 shares of the construction company’s stock worth $9,627,000 after buying an additional 2,044 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Toll Brothers during the first quarter worth $300,000. Finally, Oregon Public Employees Retirement Fund increased its position in Toll Brothers by 19.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 86,257 shares of the construction company’s stock worth $3,115,000 after buying an additional 13,900 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Shares of Toll Brothers Inc. (NYSE:TOL) opened at 37.88 on Tuesday. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $41.07. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 14.17 and a beta of 1.52. The firm has a 50-day moving average of $39.19 and a 200 day moving average of $37.08.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Analysts predict that Toll Brothers Inc. will post $3.19 EPS for the current year.

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A number of research analysts have recently weighed in on TOL shares. Credit Suisse Group started coverage on shares of Toll Brothers in a report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price target on the stock. BidaskClub downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price target on shares of Toll Brothers in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 8th. Finally, Barclays PLC lowered shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.27.

In other news, CEO Douglas C. Jr. Yearley sold 4,155 shares of Toll Brothers stock in a transaction on Friday, July 7th. The stock was sold at an average price of $39.92, for a total transaction of $165,867.60. Following the sale, the chief executive officer now directly owns 176,372 shares in the company, valued at approximately $7,040,770.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction on Friday, July 7th. The stock was sold at an average price of $40.45, for a total value of $80,900.00. Following the sale, the chief financial officer now owns 34,836 shares in the company, valued at $1,409,116.20. The disclosure for this sale can be found here. Insiders have sold a total of 130,500 shares of company stock worth $5,081,221 over the last quarter. Company insiders own 8.78% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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