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

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,345 shares of the construction company’s stock, valued at approximately $38,985,000. Vaughan Nelson Investment Management L.P. owned about 0.25% of Toll Brothers at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Toll Brothers during the 3rd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers during the second quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV lifted its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after acquiring an additional 142 shares during the period. UMB Bank n.a. boosted its holdings in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 20.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 in the last 90 days. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 0.7 %

Shares of NYSE TOL opened at $152.67 on Friday. The company has a market cap of $15.42 billion, a PE ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 1.68. 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’s 50 day moving average price is $151.01 and its 200-day moving average price is $135.07. Toll Brothers, Inc. has a 52-week low of $84.40 and a 52-week high of $160.12.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the business posted $3.73 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TOL shares. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America increased their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Oppenheimer lifted their price target on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Company 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.