Vaughan Nelson Investment Management L.P. Has $9.77 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Vaughan Nelson Investment Management L.P. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 68.4% during the first quarter, Holdings Channel reports. The firm owned 92,545 shares of the construction company’s stock after selling 200,465 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Toll Brothers were worth $9,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Insigneo Advisory Services LLC raised its position in Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after buying an additional 89 shares during the period. Peapack Gladstone Financial Corp raised its position in Toll Brothers by 5.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock valued at $227,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC raised its position in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares during the period. Finally, Bessemer Group Inc. raised its position in Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after buying an additional 104 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on TOL. Bank of America dropped their price target 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. The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. UBS Group reissued a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wedbush reissued an “outperform” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.08.

Toll Brothers Stock Performance

TOL opened at $107.48 on Monday. The company has a market cap of $10.55 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The stock has a 50-day moving average of $102.29 and a 200-day moving average of $116.30. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-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.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.38 EPS. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

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.