Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Posted by Defense World Staff on Apr 3rd, 2023

Bank Julius Baer & Co. Ltd Zurich cut its stake in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 85.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,053 shares of the construction company’s stock after selling 467,313 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.07% of Toll Brothers worth $4,046,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in Toll Brothers by 70.0% in the second quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company’s stock valued at $28,000 after buying an additional 261 shares during the period. Glassy Mountain Advisors Inc. purchased a new position in Toll Brothers in the fourth quarter valued at approximately $37,000. Eagle Bay Advisors LLC purchased a new position in Toll Brothers in the second quarter valued at approximately $40,000. Accurate Wealth Management LLC purchased a new position in Toll Brothers in the fourth quarter valued at approximately $50,000. Finally, Private Trust Co. NA purchased a new position in Toll Brothers in the second quarter valued at approximately $42,000. 82.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on TOL shares. UBS Group raised their price target on shares of Toll Brothers from $65.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 target price on shares of Toll Brothers in a research report on Thursday, February 23rd. Evercore ISI boosted their target price on shares of Toll Brothers to $63.00 in a research report on Monday, December 12th. Citigroup boosted their target price on shares of Toll Brothers to $54.00 in a research report on Monday, December 12th. Finally, Oppenheimer boosted their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Hold” and a consensus price target of $60.33.

Toll Brothers Trading Up 2.2 %

TOL opened at $60.03 on Monday. The stock has a market capitalization of $6.65 billion, a PE ratio of 5.21, a P/E/G ratio of 0.63 and a beta of 1.39. The firm’s fifty day moving average price is $58.53 and its 200 day moving average price is $51.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.59 and a quick ratio of 0.78. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $63.19.

Toll Brothers (NYSE:TOL – Get Rating) last released its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.33. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers, Inc. will post 8.66 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.21 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.84 annualized dividend and a yield of 1.40%. Toll Brothers’s payout ratio is presently 6.94%.

Insider Buying and Selling at Toll Brothers

In other news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the transaction, the director now owns 65,066 shares in the company, valued at $3,818,723.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Martin P. Connor sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $55.97, for a total transaction of $1,679,100.00. Following the completion of the transaction, the chief financial officer now owns 31,220 shares in the company, valued at $1,747,383.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $58.69, for a total transaction of $586,900.00. Following the transaction, the director now owns 65,066 shares of the company’s stock, valued at approximately $3,818,723.54. The disclosure for this sale can be found here. Insiders sold a total of 41,125 shares of company stock worth $2,331,736 over the last 90 days. Insiders own 1.79% of the company’s stock.

Toll Brothers Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.