Vaughan Nelson Investment Management L.P. Takes $38.99 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Vaughan Nelson Investment Management L.P. acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 252,345 shares of the construction company’s stock, valued at approximately $38,985,000.

A number of other institutional investors also recently bought and sold shares of the stock. Greenhaven Associates Inc. increased its position in Toll Brothers by 1.0% in the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after buying an additional 52,893 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. increased its holdings in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Marsico Capital Management LLC increased its holdings in Toll Brothers by 24.5% in the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after acquiring an additional 148,562 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Toll Brothers by 18.8% during the 3rd quarter. Victory Capital Management Inc. now owns 493,216 shares of the construction company’s stock worth $76,197,000 after acquiring an additional 78,068 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Down 0.7 %

NYSE TOL opened at $152.67 on Friday. The stock has a 50 day moving average price of $151.01 and a 200-day moving average price of $135.07. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $160.12. 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 company has a market capitalization of $15.42 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm earned $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 20.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock valued at $32,602,152 over the last ninety days. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TOL. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.87.

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.