MetLife Investment Management LLC Has $7.17 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

MetLife Investment Management LLC boosted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,911 shares of the construction company's stock after buying an additional 3,864 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Toll Brothers worth $7,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Smartleaf Asset Management LLC lifted its stake in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the period. Nilsine Partners LLC lifted its stake in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after buying an additional 88 shares during the period. Insigneo Advisory Services LLC boosted its holdings in Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after buying an additional 89 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after buying an additional 92 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in shares of Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after acquiring an additional 100 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TOL shares. The Goldman Sachs Group decreased their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Bank of America dropped their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Finally, Oppenheimer dropped their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.79.

Toll Brothers Trading Up 5.5 %

Shares of NYSE:TOL opened at $97.22 on Wednesday. The stock has a market capitalization of $9.71 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company's 50-day moving average price is $105.04 and its two-hundred day moving average price is $129.33. 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 one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared 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. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio is 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.

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