Banque Cantonale Vaudoise Invests $1.67 Million in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Banque Cantonale Vaudoise has invested approximately $1.67 million in Toll Brothers Inc. by acquiring 15,800 shares in the 1st quarter.
• According to recent filings, 91.76% of Toll Brothers' stock is currently owned by institutional investors, indicating strong interest from the financial sector.
• Toll Brothers declared a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.84% and a payout ratio of 7.42%.

Banque Cantonale Vaudoise bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,800 shares of the construction company's stock, valued at approximately $1,668,000.

Other large investors also recently added to or reduced their stakes in the company. Trail Ridge Investment Advisors LLC grew its holdings in shares of Toll Brothers by 0.5% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after acquiring an additional 132 shares in the last quarter. Left Brain Wealth Management LLC bought a new stake in Toll Brothers in the first quarter worth $317,000. MQS Management LLC bought a new stake in Toll Brothers in the first quarter worth $649,000. Financial Security Advisor Inc. bought a new stake in Toll Brothers in the first quarter worth $231,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Toll Brothers in the first quarter worth $227,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Royal Bank Of Canada decreased their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wedbush restated an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $141.85.

Toll Brothers Price Performance

NYSE:TOL traded down $1.17 during mid-day trading on Thursday, hitting $118.28. The company's stock had a trading volume of 1,230,506 shares, compared to its average volume of 1,560,916. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.24 and a beta of 1.36. The stock has a fifty day moving average of $113.33 and a 200-day moving average of $112.23.

Toll Brothers (NYSE:TOL - Get Free Report) last posted 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. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $3.38 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio is 7.42%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock valued at $440,586 over the last quarter. Corporate insiders own 1.54% of the company's stock.

About Toll Brothers

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.