Vaughan Nelson Investment Management L.P. Purchases 40,665 Shares of Toll Brothers, Inc. (NYSE:TOL)

Vaughan Nelson Investment Management L.P. boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 16.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 293,010 shares of the construction company’s stock after acquiring an additional 40,665 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Toll Brothers were worth $36,905,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TOL. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers in the third quarter worth $27,000. Larson Financial Group LLC boosted its holdings in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. ORG Partners LLC purchased a new position in Toll Brothers during the 4th quarter valued at $25,000. Finally, UMB Bank n.a. raised its holdings in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $124.32 on Friday. The firm has a market cap of $12.42 billion, a PE ratio of 8.27, a P/E/G ratio of 1.15 and a beta of 1.76. The stock has a 50-day moving average price of $134.58 and a 200-day moving average price of $142.40. Toll Brothers, Inc. has a 1 year low of $98.54 and a 1 year high of $169.52. 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 (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the company earned $4.11 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred 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 sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays lowered their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup reduced their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One 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 stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.