Brandywine Global Investment Management LLC Buys 26,409 Shares of Toll Brothers Inc. $TOL

Key Points

• Brandywine Global Investment Management LLC expanded its stake in Toll Brothers Inc. by 20.9%, purchasing an additional 26,409 shares to total 152,850 shares worth approximately $16.14 million.
• Toll Brothers reported earnings per share (EPS) of $3.50 for the last quarter, exceeding analyst estimates of $2.86, with a revenue of $2.74 billion.
• The company announced a quarterly dividend of $0.25, representing a 0.8% yield and a 7.42% dividend payout ratio.

Brandywine Global Investment Management LLC increased its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 20.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 152,850 shares of the construction company's stock after purchasing an additional 26,409 shares during the period. Brandywine Global Investment Management LLC owned 0.15% of Toll Brothers worth $16,139,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock worth $227,988,000 after purchasing an additional 375,372 shares in the last quarter. AIA Group Ltd increased its position in shares of Toll Brothers by 20.8% during the 1st quarter. AIA Group Ltd now owns 3,144 shares of the construction company's stock valued at $332,000 after purchasing an additional 542 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at about $42,000. CCM Investment Group LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at about $889,000. Finally, Nuveen LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at about $24,304,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Evercore ISI reiterated an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Finally, Wedbush dropped their price target on Toll Brothers from $175.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $142.62.

Toll Brothers Stock Up 0.8%

Shares of TOL stock traded up $1.0050 during mid-day trading on Tuesday, hitting $132.1850. The company's stock had a trading volume of 2,907,617 shares, compared to its average volume of 1,773,958. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The business has a 50-day moving average price of $119.18 and a 200 day moving average price of $111.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.36 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%.During the same period in the previous year, the company earned $3.60 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers's payout ratio is currently 7.42%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 2,500 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the chief accounting officer owned 2,439 shares of the company's stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock worth $440,586 over the last quarter. 1.54% of the stock is currently owned by 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.