Vanguard Group Inc. Has $1.30 Billion Stake in Toll Brothers, Inc. (NYSE:TOL)

Vanguard Group Inc. lowered its position in Toll Brothers, Inc. (NYSE:TOL) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,358,800 shares of the construction company’s stock after selling 131,906 shares during the period. Vanguard Group Inc. owned 10.37% of Toll Brothers worth $1,304,691,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. 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. UBS Group dropped their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Bank of America decreased their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada decreased their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was 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 directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 11,764 shares of company stock valued at $1,476,523 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $109.01 on Friday. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52. The company has a market capitalization of $10.89 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.02 and a beta of 1.77. The stock has a 50 day moving average of $119.51 and a two-hundred day moving average of $136.72. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is presently 6.88%.

Toll Brothers Company 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.