Franklin Resources Inc. Purchases 9,195 Shares of Toll Brothers, Inc. (NYSE:TOL)

Franklin Resources Inc. lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,023 shares of the construction company’s stock after purchasing an additional 9,195 shares during the period. Franklin Resources Inc.’s holdings in Toll Brothers were worth $27,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Larson Financial Group LLC raised its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. UMB Bank n.a. lifted its position in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Toll Brothers by 202.7% during the second 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. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $125.72 on Thursday. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52. The stock has a 50 day moving average of $151.88 and a 200 day moving average of $139.51. The firm has a market cap of $12.69 billion, a PE ratio of 8.36, a PEG ratio of 1.00 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the company earned $4.11 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts expect that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the 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 completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,837 shares of company stock worth $13,124,245 in the last three months. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TOL. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.53.

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.