MetLife Investment Management LLC Has $7.17 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

MetLife Investment Management LLC raised its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,911 shares of the construction company's stock after acquiring an additional 3,864 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Toll Brothers worth $7,168,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Ostrum Asset Management increased its holdings in shares of Toll Brothers by 17.8% in the fourth quarter. Ostrum Asset Management now owns 6,960 shares of the construction company's stock valued at $877,000 after purchasing an additional 1,050 shares during the last quarter. Ossiam grew its stake in Toll Brothers by 30.8% in the 4th quarter. Ossiam now owns 747 shares of the construction company's stock valued at $94,000 after buying an additional 176 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Toll Brothers by 4.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,602 shares of the construction company's stock valued at $832,000 after acquiring an additional 302 shares during the period. First Trust Advisors LP lifted its position in Toll Brothers by 29.9% during the fourth quarter. First Trust Advisors LP now owns 962,528 shares of the construction company's stock worth $121,230,000 after acquiring an additional 221,543 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of Toll Brothers by 319.6% during the fourth quarter. GeoWealth Management LLC now owns 2,115 shares of the construction company's stock worth $266,000 after acquiring an additional 1,611 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on TOL. UBS Group dropped their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group lowered their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.79.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $0.02 during midday trading on Monday, hitting $100.06. 345,542 shares of the company traded hands, compared to its average volume of 1,540,759. The firm's fifty day moving average price is $103.64 and its 200-day moving average price is $128.12. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month 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.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders 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 dividend yield of 1.00%. This is a positive change 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 (DPR) is presently 6.88%.

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.