Federated Investors Inc. PA raised its stake in Toll Brothers Inc (NYSE:TOL) by 42.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 795,042 shares of the construction company’s stock after buying an additional 237,159 shares during the period. Federated Investors Inc. PA owned about 0.52% of Toll Brothers worth $29,409,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TOL. Twin Capital Management Inc. bought a new position in shares of Toll Brothers in the 1st quarter worth $728,000. Wedge Capital Management L L P NC increased its holdings in shares of Toll Brothers by 93.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,167,429 shares of the construction company’s stock worth $50,491,000 after buying an additional 564,509 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Toll Brothers in the 1st quarter worth $461,000. Oppenheimer & Co. Inc. bought a new position in shares of Toll Brothers in the 1st quarter worth $299,000. Finally, Cookson Peirce & Co. Inc. increased its holdings in shares of Toll Brothers by 3.6% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 524,980 shares of the construction company’s stock worth $22,705,000 after buying an additional 18,260 shares during the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Edward G. Boehne sold 17,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total value of $639,880.00. Following the completion of the sale, the director now owns 99,598 shares of the company’s stock, valued at approximately $3,748,868.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.78% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on TOL. Raymond James reissued a “buy” rating and issued a $44.00 price target (down previously from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Barclays set a $39.00 price target on shares of Toll Brothers and gave the stock an “underweight” rating in a report on Wednesday, May 23rd. Wedbush increased their price target on shares of Toll Brothers from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, May 22nd. ValuEngine lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Finally, Zacks Investment Research lowered shares of Toll Brothers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $50.79.

Shares of Toll Brothers stock opened at $36.25 on Friday. Toll Brothers Inc has a 52-week low of $33.47 and a 52-week high of $52.73. The firm has a market capitalization of $5.70 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 6.98 and a quick ratio of 0.88.

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

Toll Brothers Profile

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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