Franklin Resources Inc. Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Franklin Resources Inc. boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,023 shares of the construction company's stock after purchasing an additional 9,195 shares during the quarter. Franklin Resources Inc. owned about 0.18% of Toll Brothers worth $27,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers in the third quarter worth about $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 worth $28,000 after acquiring an additional 66 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock valued at $38,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company's stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,837 shares of company stock worth $13,124,245 in the last 90 days. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $1.92 during midday trading on Thursday, reaching $123.80. 2,425,812 shares of the stock were exchanged, compared to its average volume of 1,384,512. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.00 and a beta of 1.69. The firm has a 50-day simple moving average of $151.88 and a two-hundred day simple moving average of $139.51. Toll Brothers, Inc. has a twelve month low of $95.46 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm posted $4.11 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers's dividend payout ratio is presently 6.12%.

Analyst Ratings Changes

TOL has been the subject of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and an average target price of $152.53.

Toll Brothers 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.