Deutsche Bank AG Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Deutsche Bank AG raised its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 113.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,847 shares of the construction company's stock after purchasing an additional 29,665 shares during the period. Deutsche Bank AG owned 0.06% of Toll Brothers worth $7,034,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TOL. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the 4th quarter worth $29,000. IAG Wealth Partners LLC increased its stake in Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TOL shares. StockNews.com upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Toll Brothers in a report on Tuesday. Wells Fargo & Company cut their target price on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada lowered their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $143.64.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $0.41 during midday trading on Wednesday, reaching $104.10. The company had a trading volume of 4,774,231 shares, compared to its average volume of 1,573,981. The stock has a market cap of $10.40 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.02 and a beta of 1.45. The company's 50 day moving average price is $101.57 and its 200 day moving average price is $122.71. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $3.38 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.96%. Toll Brothers's dividend payout ratio is presently 6.88%.

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.