Brandywine Global Investment Management LLC Boosts Stock Position in Toll Brothers Inc. $TOL

Brandywine Global Investment Management LLC raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 14.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,841 shares of the construction company’s stock after buying an additional 8,630 shares during the period. Brandywine Global Investment Management LLC’s holdings in Toll Brothers were worth $9,173,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $27,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter worth about $28,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers during the third quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers during the third quarter worth approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the fourth quarter valued at approximately $34,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $144.29 on Wednesday. The stock has a fifty day moving average price of $138.43 and a 200 day moving average price of $142.24. Toll Brothers Inc. has a 1-year low of $104.09 and a 1-year high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The company has a market cap of $13.49 billion, a PE ratio of 10.91, a P/E/G ratio of 1.14 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. Sell-side analysts forecast that Toll Brothers Inc. will post 12.67 EPS for the current year.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TOL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the company from $158.00 to $161.00 in a research note on Tuesday. Royal Bank Of Canada cut shares of Toll Brothers from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Benchmark assumed coverage on shares of Toll Brothers in a research report on Tuesday. They issued a “buy” rating on the stock. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Citigroup started coverage on shares of Toll Brothers in a research report on Tuesday. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $163.56.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.