J. Safra Sarasin Holding AG Purchases New Stake in Toll Brothers Inc. (NYSE:TOL)

J. Safra Sarasin Holding AG purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,163 shares of the construction company's stock, valued at approximately $545,000.

Several other institutional investors have also added to or reduced their stakes in TOL. Sound Income Strategies LLC raised its holdings in Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $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 purchasing an additional 177 shares in the last quarter. 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 purchasing an additional 290 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock worth $41,000 after buying an additional 104 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of 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 buying an additional 415 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $125.14 on Tuesday. The firm's 50 day moving average price is $113.97 and its 200-day moving average price is $111.81. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month 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 market capitalization of $12.29 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share 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 for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the business earned $3.38 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

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

Insiders Place Their Bets

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 transaction of $60,000.00. Following the sale, the chief accounting officer owned 2,439 shares in the company, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owned 12,787 shares in the company, 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. In the last 90 days, insiders have sold 3,770 shares of company stock worth $440,586. Company insiders own 1.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TOL shares. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $142.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.