Toll Brothers Inc. $TOL Shares Purchased by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC increased its stake in Toll Brothers Inc. by 36.9%, holding 77,892 shares valued at approximately $8.2 million as of the last reporting period.
• Insiders, including CAO Michael J. Grubb and Director Christine Garvey, recently sold shares of Toll Brothers, with a combined total of 13,601 shares sold worth over $1.7 million in the past three months.
• Toll Brothers reported earnings of $3.73 per share for the last quarter, beating expectations, and declared a quarterly dividend of $0.25 per share, representing a yield of 0.7%.

MetLife Investment Management LLC increased its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 36.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,892 shares of the construction company's stock after purchasing an additional 20,981 shares during the period. MetLife Investment Management LLC owned 0.08% of Toll Brothers worth $8,225,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC grew its stake in 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. Brooklyn Investment Group grew its stake in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC grew its stake in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares in the last quarter. Quarry LP grew its stake in Toll Brothers by 1,035.7% in the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after purchasing an additional 290 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after purchasing an additional 249 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction 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. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,601 shares of company stock worth $1,726,874. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

TOL opened at $137.94 on Wednesday. The business's 50 day moving average is $121.94 and its 200-day moving average is $111.44. The stock has a market cap of $13.54 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.33. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 earnings per share. On average, analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is 7.35%.

Analyst Ratings Changes

A number of research firms recently commented on TOL. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research note on Monday. Bank of America raised their target price on shares of Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Citigroup raised their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a report on Monday. Barclays reissued an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. 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 issued a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and an average target price of $145.92.

Toll Brothers 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.

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