Vaughan Nelson Investment Management L.P. Buys 5,965 Shares of Toll Brothers Inc. $TOL

Vaughan Nelson Investment Management L.P. raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,356 shares of the construction company’s stock after buying an additional 5,965 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Toll Brothers were worth $36,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers during the 4th quarter worth $27,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers during the 3rd quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers during the third quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the fourth quarter valued at about $34,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $155.66 on Monday. The stock’s 50 day moving average is $140.64 and its 200 day moving average is $143.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The firm has a market cap of $14.55 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.29 and a beta of 1.36. Toll Brothers Inc. has a one year low of $105.65 and a one year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, research analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 7.87%.

Analyst Ratings Changes

TOL has been the topic of a number of research analyst reports. Benchmark began coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Barclays dropped their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $163.56.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.