Brandywine Global Investment Management LLC Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

Brandywine Global Investment Management LLC boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 283.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,441 shares of the construction company’s stock after acquiring an additional 93,451 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Toll Brothers were worth $15,925,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Toll Brothers in the 4th quarter valued at about $149,924,000. FMR LLC grew its position in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the period. Raymond James Financial Inc. purchased a new position in Toll Brothers in the fourth quarter valued at about $43,615,000. Jennison Associates LLC lifted its position in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after acquiring an additional 341,980 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Toll Brothers by 228.1% during the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock worth $29,243,000 after acquiring an additional 161,408 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada cut their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Stock Down 3.4 %

Shares of NYSE TOL opened at $105.15 on Monday. The firm’s 50 day moving average price is $118.90 and its 200 day moving average price is $136.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a market cap of $10.50 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 6.88%.

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.