Chartwell Investment Partners LLC boosted its position in shares of Toll Brothers Inc (NYSE:TOL) by 34.3% during the 2nd quarter, Holdings Channel reports. The firm owned 50,085 shares of the construction company’s stock after acquiring an additional 12,805 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Toll Brothers were worth $1,853,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Toll Brothers during the second quarter valued at approximately $182,000. Parallel Advisors LLC grew its stake in shares of Toll Brothers by 1,850.4% during the second quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock valued at $193,000 after buying an additional 4,959 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Toll Brothers during the first quarter valued at approximately $203,000. Creative Planning bought a new position in shares of Toll Brothers during the second quarter valued at approximately $210,000. Finally, Strategic Global Advisors LLC bought a new position in shares of Toll Brothers during the first quarter valued at approximately $234,000. Institutional investors own 79.70% of the company’s stock.

TOL opened at $36.25 on Friday. Toll Brothers Inc has a 12-month low of $33.47 and a 12-month high of $52.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98. The firm has a market cap of $5.70 billion, a PE ratio of 11.44, a PEG ratio of 0.52 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 21st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was up 27.3% compared to the same quarter last year. equities analysts expect that Toll Brothers Inc will post 4.46 EPS for the current year.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total transaction of $639,880.00. Following the transaction, the director now directly owns 99,598 shares in the company, valued at approximately $3,748,868.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.78% of the stock is owned by corporate insiders.

TOL has been the topic of several research analyst reports. ValuEngine downgraded Toll Brothers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down previously from $43.00) on shares of Toll Brothers in a research report on Friday, June 1st. MKM Partners cut their price objective on Toll Brothers to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Maxim Group cut their price target on shares of Toll Brothers from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Finally, Credit Suisse Group cut their price target on shares of Toll Brothers from $53.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.79.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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

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