Deutsche Bank AG Sells 26,443 Shares of Toll Brothers Inc. $TOL

Key Points

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Deutsche Bank AG lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 47.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,404 shares of the construction company's stock after selling 26,443 shares during the quarter. Deutsche Bank AG's holdings in Toll Brothers were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC raised its holdings in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Larson Financial Group LLC raised its holdings in Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after acquiring an additional 177 shares during the period. Quarry LP raised its holdings in Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after acquiring an additional 290 shares during the period. Sunbelt Securities Inc. raised its holdings in Toll Brothers by 415.0% in the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock worth $54,000 after acquiring an additional 415 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Toll Brothers in the 4th quarter worth $65,000. Institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI reissued an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Barclays restated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.62.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,770 shares of company stock worth $440,586. Insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

NYSE:TOL traded down $0.8590 on Wednesday, reaching $131.3210. The stock had a trading volume of 3,506,252 shares, compared to its average volume of 1,455,929. The company has a market capitalization of $12.89 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $119.62 and a 200-day moving average price of $111.43.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.58%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.60 earnings per share. Research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio is presently 7.42%.

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.