Greenhaven Associates Inc. Has $587.35 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Greenhaven Associates Inc. grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,562,582 shares of the construction company's stock after purchasing an additional 26,079 shares during the quarter. Toll Brothers makes up about 9.3% of Greenhaven Associates Inc.'s investment portfolio, making the stock its 4th biggest position. Greenhaven Associates Inc. owned 5.57% of Toll Brothers worth $587,353,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Barclays PLC grew its holdings in Toll Brothers by 3.9% in the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after buying an additional 8,794 shares during the period. Kingswood Wealth Advisors LLC increased its position in Toll Brothers by 69.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,730 shares of the construction company's stock worth $722,000 after purchasing an additional 2,344 shares during the last quarter. Blue Trust Inc. raised its stake in Toll Brothers by 136.3% during the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company's stock worth $105,000 after purchasing an additional 481 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Toll Brothers in the 4th quarter valued at $15,253,000. Finally, KBC Group NV grew its stake in shares of Toll Brothers by 49.9% during the 4th quarter. KBC Group NV now owns 4,239 shares of the construction company's stock valued at $534,000 after buying an additional 1,412 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Raymond James restated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. The Goldman Sachs Group decreased their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada dropped their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Stock Down 0.6%

Shares of NYSE:TOL traded down $0.68 during trading on Friday, hitting $104.37. The company's stock had a trading volume of 1,346,063 shares, compared to its average volume of 1,564,642. The company has a market capitalization of $10.43 billion, a PE ratio of 7.18, a PEG ratio of 1.02 and a beta of 1.45. 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 quick ratio of 0.80 and a current ratio of 4.65. The stock's 50-day moving average price is $101.18 and its two-hundred day moving average price is $120.24.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Toll Brothers's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.38 EPS. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's dividend payout ratio is 7.42%.

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.