Vanguard Group Inc. Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Vanguard Group Inc. lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,358,800 shares of the construction company's stock after selling 131,906 shares during the period. Vanguard Group Inc. owned about 10.37% of Toll Brothers worth $1,304,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TOL. Fiduciary Alliance LLC purchased a new position in Toll Brothers during the 4th quarter valued at about $1,117,000. Franklin Resources Inc. raised its stake in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Toll Brothers during the third quarter worth $12,506,000. MML Investors Services LLC lifted its holdings in Toll Brothers by 22.4% during the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock worth $3,554,000 after buying an additional 4,209 shares during the period. Finally, Jennison Associates LLC boosted its position in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after acquiring an additional 341,980 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

TOL traded down $0.40 on Tuesday, reaching $105.19. 1,298,303 shares of the stock were exchanged, compared to its average volume of 1,469,628. The company's 50-day moving average price is $117.70 and its 200 day moving average price is $135.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market capitalization of $10.51 billion, a PE ratio of 7.24, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a fifty-two week low of $101.50 and a fifty-two week high of $169.52.

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

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 0.95%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is presently 6.88%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer decreased their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Citigroup decreased their target price on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, UBS Group cut their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $147.57.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers 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 completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.54% of the stock is currently owned by corporate insiders.

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.