Vaughan Nelson Investment Management L.P. Boosts Holdings in Toll Brothers Inc. $TOL

Key Points

• Vaughan Nelson Investment Management L.P. significantly increased its stake in Toll Brothers Inc. by 188.3%, owning 266,771 shares valued at approximately $30.4 million.
• Several other hedge funds have also raised their positions in Toll Brothers, indicating a strong institutional interest, as they collectively own 91.76% of the company's stock.
• Toll Brothers recently declared a quarterly dividend of $0.25 per share, with an ex-dividend date of October 10th, reflecting a 0.7% yield for investors.

Vaughan Nelson Investment Management L.P. grew its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 188.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,771 shares of the construction company's stock after buying an additional 174,226 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.27% of Toll Brothers worth $30,447,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock valued at $169,000 after buying an additional 90 shares during the period. Brooklyn Investment Group boosted its position in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares during the period. Old Port Advisors boosted its position in shares of Toll Brothers by 4.5% during the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company's stock worth $247,000 after purchasing an additional 94 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after purchasing an additional 100 shares during the period. Finally, J.Safra Asset Management Corp boosted its position in shares of 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 worth $180,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Activity

In related news, Director Christine Garvey sold 770 shares of Toll Brothers 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 sale, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen F. East sold 2,500 shares of Toll Brothers 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 sale, the director owned 12,787 shares in the company, valued at $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,413 shares of company stock worth $5,746,216 over the last three months. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of TOL opened at $142.80 on Friday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm's fifty day simple moving average is $135.25 and its 200-day simple moving average is $116.76. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.66 and a beta of 1.40. 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 (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the business earned $3.60 EPS. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Wedbush reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Argus increased their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.43.

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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