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

Brandywine Global Investment Management LLC boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 283.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after purchasing an additional 66 shares during the period. FMR LLC grew its holdings in shares of Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock valued at $327,281,000 after buying an additional 1,046,758 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Toll Brothers by 7.7% during the third quarter. D.A. Davidson & CO. now owns 8,902 shares of the construction company's stock worth $1,375,000 after acquiring an additional 640 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Finally, Townsquare Capital LLC raised its stake in shares of Toll Brothers by 20.6% in the third quarter. Townsquare Capital LLC now owns 4,125 shares of the construction company's stock worth $637,000 after purchasing an additional 705 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

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Toll Brothers Stock Performance

TOL traded down $0.40 during trading hours on Tuesday, hitting $105.19. The stock had a trading volume of 1,298,303 shares, compared to its average volume of 1,469,628. Toll Brothers, Inc. has a 1 year low of $101.50 and a 1 year high of $169.52. The company's fifty day simple moving average is $117.70 and its 200 day simple moving average is $135.84. The stock has a market cap of $10.51 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Equities analysts anticipate 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is currently 6.88%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Bank of America dropped their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. StockNews.com downgraded shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Wells Fargo & Company dropped their target price on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.54% of the company's stock.

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.