Dimensional Fund Advisors LP Has $227.99 Million Stake in Toll Brothers Inc. $TOL

Dimensional Fund Advisors LP boosted its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,159,289 shares of the construction company's stock after purchasing an additional 375,372 shares during the period. Dimensional Fund Advisors LP owned 2.16% of Toll Brothers worth $227,988,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after buying an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after acquiring an additional 100 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after acquiring an additional 107 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Toll Brothers by 5.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after purchasing an additional 109 shares during the period. Finally, Sound Income Strategies LLC lifted its position in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, 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 transaction of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. This represents a 17.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $130.54 on Monday. The stock has a market capitalization of $12.82 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.36 and a beta of 1.33. The business has a 50-day moving average of $118.34 and a two-hundred day moving average of $111.18. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $3.38 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Analyst Ratings Changes

TOL has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $141.46.

About Toll Brothers

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.

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.