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

Brandywine Global Investment Management LLC raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 283.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,441 shares of the construction company’s stock after buying an additional 93,451 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.13% of Toll Brothers worth $15,925,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TOL. ORG Partners LLC acquired a new position in Toll Brothers during the 4th quarter worth $25,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Larson Financial Group LLC increased its stake in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the period. Finally, Promus Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI increased their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup dropped their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $105.15 on Monday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.02 and a beta of 1.77. The firm’s fifty day simple moving average is $118.90 and its 200-day simple moving average is $136.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results 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, equities analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

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.