Danske Bank A S Sells 8,628 Shares of Toll Brothers Inc. $TOL

Key Points

• Danske Bank A/S reduced its stake in Toll Brothers by 86.9%, selling 8,628 shares in Q4 and leaving 1,300 shares valued at about $176,000.
• Significant insider selling: CEO Douglas C. Yearley Jr. sold 45,116 shares for roughly $7.24 million and Director Stephen F. East sold 1,000 shares, with insiders now owning about 1.37% of the stock.
• Solid quarterly results and outlook: Toll Brothers beat estimates (EPS $2.19 vs. $2.05; revenue $2.15B vs. $1.86B, +15.4% YoY), raised its quarterly dividend to $0.26, and carries an average analyst rating of "Moderate Buy" with a $164.44 price target.

Danske Bank A S lessened its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 86.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,300 shares of the construction company's stock after selling 8,628 shares during the period. Danske Bank A S's holdings in Toll Brothers were worth $176,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares of the company's stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company's stock, valued at $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citizens Jmp reaffirmed a "market outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $143.00 to $170.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Barclays lowered their price target on Toll Brothers from $116.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 8th. UBS Group boosted their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada increased their target price on shares of Toll Brothers from $144.00 to $161.00 and gave the company an "outperform" rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $164.44.

Toll Brothers Stock Up 3.0%

NYSE:TOL opened at $141.44 on Thursday. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.39. Toll Brothers Inc. has a twelve month low of $100.92 and a twelve month high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $142.65 and a 200-day simple moving average of $141.94.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Analysts anticipate that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a dividend of $0.26 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, April 10th. Toll Brothers's payout ratio is presently 7.43%.

Toll Brothers Company 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.

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