Swiss National Bank decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL – Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,400 shares of the construction company’s stock after selling 31,300 shares during the period. Swiss National Bank owned about 0.21% of Toll Brothers worth $13,951,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of TOL. International Assets Investment Management LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at approximately $29,000. Ellevest Inc. increased its holdings in shares of Toll Brothers by 102.5% in the first quarter. Ellevest Inc. now owns 478 shares of the construction company’s stock valued at $29,000 after purchasing an additional 242 shares in the last quarter. City Holding Co. acquired a new stake in shares of Toll Brothers in the first quarter valued at approximately $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $50,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of Toll Brothers in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 91.89% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on TOL. Royal Bank of Canada raised shares of Toll Brothers from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $77.00 in a report on Thursday, May 25th. Oppenheimer lifted their target price on shares of Toll Brothers from $80.00 to $99.00 in a report on Thursday, July 6th. Raymond James raised shares of Toll Brothers from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $77.00 to $100.00 in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Toll Brothers in a report on Wednesday, May 31st. They set a “buy” rating and a $94.00 target price for the company. Finally, Wedbush reissued a “neutral” rating and set a $73.00 price target on shares of Toll Brothers in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.85.
Insider Buying and Selling at Toll Brothers
In other Toll Brothers news, Director Carl B. Marbach sold 2,000 shares of Toll Brothers stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $78.42, for a total value of $156,840.00. Following the sale, the director now directly owns 51,066 shares in the company, valued at approximately $4,004,595.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Toll Brothers news, Director Carl B. Marbach sold 2,000 shares of Toll Brothers stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $78.42, for a total value of $156,840.00. Following the sale, the director now directly owns 51,066 shares in the company, valued at approximately $4,004,595.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 75,000 shares of Toll Brothers stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $68.32, for a total transaction of $5,124,000.00. Following the completion of the sale, the chief executive officer now owns 246,547 shares in the company, valued at $16,844,091.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,721 shares of company stock worth $15,964,889. Insiders own 1.79% of the company’s stock.
Toll Brothers Trading Up 3.9 %
TOL opened at $78.85 on Thursday. The stock has a market capitalization of $8.62 billion, a P/E ratio of 5.67, a P/E/G ratio of 0.65 and a beta of 1.42. Toll Brothers, Inc. has a 12 month low of $39.53 and a 12 month high of $83.72. The firm’s fifty day simple moving average is $78.62 and its 200 day simple moving average is $67.93. The company has a current ratio of 5.14, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.
Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 23rd. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $2.85 by $0.88. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Toll Brothers had a net margin of 14.66% and a return on equity of 23.42%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.35 EPS. As a group, research analysts anticipate that Toll Brothers, Inc. will post 10.67 EPS for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.84 annualized dividend and a yield of 1.07%. Toll Brothers’s payout ratio is currently 6.04%.
About Toll Brothers
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.
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