Vaughan Nelson Investment Management L.P. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,345 shares of the construction company's stock, valued at approximately $38,985,000. Vaughan Nelson Investment Management L.P. owned approximately 0.25% of Toll Brothers as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Greenhaven Associates Inc. increased its position in shares of Toll Brothers by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company's stock worth $641,067,000 after acquiring an additional 52,893 shares in the last quarter. Pacer Advisors Inc. grew its position in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock valued at $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. grew its position in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock valued at $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Marsico Capital Management LLC grew its position in Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company's stock valued at $86,983,000 after purchasing an additional 148,562 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Toll Brothers by 18.8% in the third quarter. Victory Capital Management Inc. now owns 493,216 shares of the construction company's stock valued at $76,197,000 after purchasing an additional 78,068 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TOL. Wells Fargo & Company raised their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Seaport Res Ptn downgraded shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 4th. Bank of America lifted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Finally, Oppenheimer lifted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.87.

Toll Brothers Stock Performance

Toll Brothers stock traded down $1.03 during midday trading on Friday, hitting $152.67. The company's stock had a trading volume of 782,804 shares, compared to its average volume of 1,124,156. Toll Brothers, Inc. has a 1-year low of $84.40 and a 1-year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a 50-day moving average price of $151.01 and a two-hundred day moving average price of $135.18. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $3.73 EPS. The business's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's dividend payout ratio is currently 6.34%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This trade represents a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 in the last ninety days. 1.54% of the stock is currently owned by company 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.