Vaughan Nelson Investment Management L.P. Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

Vaughan Nelson Investment Management L.P. lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 16.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 293,010 shares of the construction company’s stock after buying an additional 40,665 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.29% of Toll Brothers worth $36,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TOL. Empowered Funds LLC grew its stake in Toll Brothers by 228.1% in the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock valued at $29,243,000 after purchasing an additional 161,408 shares during the period. Vest Financial LLC raised its stake in shares of Toll Brothers by 98.1% during the 4th quarter. Vest Financial LLC now owns 19,550 shares of the construction company’s stock worth $2,462,000 after purchasing an additional 9,681 shares during the period. BLB&B Advisors LLC boosted its holdings in shares of Toll Brothers by 85.2% in the 4th quarter. BLB&B Advisors LLC now owns 19,850 shares of the construction company’s stock worth $2,500,000 after buying an additional 9,129 shares during the last quarter. Lecap Asset Management Ltd. grew its position in Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after buying an additional 14,551 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Toll Brothers during the fourth quarter worth about $3,173,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays dropped their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. UBS Group decreased their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Bank of America dropped their price target on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Stock Down 6.5 %

Shares of NYSE:TOL opened at $124.32 on Friday. The firm has a fifty day moving average price of $134.58 and a two-hundred day moving average price of $142.40. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers, Inc. has a one year low of $98.54 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $4.11 earnings per share. Analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

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.