Gardner Lewis Asset Management L P Increases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Gardner Lewis Asset Management L P boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,389 shares of the construction company’s stock after purchasing an additional 9,770 shares during the quarter. Toll Brothers comprises 1.6% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 23rd biggest holding. Gardner Lewis Asset Management L P owned 0.05% of Toll Brothers worth $5,919,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers in the 2nd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Toll Brothers in the 1st quarter worth about $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the first quarter valued at approximately $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now owns 346,382 shares in the company, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

Shares of TOL stock opened at $150.60 on Wednesday. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $151.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.19 and a beta of 1.67. The stock’s 50-day simple moving average is $135.72 and its 200-day simple moving average is $125.92.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.73 EPS. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TOL. Royal Bank of Canada increased their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. UBS Group raised their price objective on Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Evercore ISI lifted their target price on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Bank of America increased their price target on Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.67.

Toll Brothers Profile

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.