Toll Brothers Inc. (NYSE:TOL) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its holdings in Toll Brothers Inc. by 2.4%, owning approximately 193,800 shares valued at $20.46 million after the sale.
• Multiple hedge funds, including Mitsubishi UFJ Asset Management, significantly increased their positions in Toll Brothers, with increases of 218.4% and 359.4% respectively during the first quarter.
• Analysts have mixed ratings on Toll Brothers, with one recent firm upgrading the stock to a "strong-buy" while others maintained a "hold" or "sell" rating, resulting in a consensus rating of "Moderate Buy."

Swiss National Bank lowered its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,800 shares of the construction company's stock after selling 4,800 shares during the period. Swiss National Bank owned about 0.19% of Toll Brothers worth $20,463,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after acquiring an additional 249 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Toll Brothers by 359.4% in the first quarter. Headlands Technologies LLC now owns 21,277 shares of the construction company's stock worth $2,247,000 after acquiring an additional 16,646 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Toll Brothers by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 689,508 shares of the construction company's stock worth $72,805,000 after acquiring an additional 7,670 shares in the last quarter. Maxi Investments CY Ltd purchased a new position in shares of Toll Brothers in the first quarter worth approximately $1,981,000. Finally, Ruffer LLP increased its position in shares of Toll Brothers by 73.8% in the first quarter. Ruffer LLP now owns 39,769 shares of the construction company's stock worth $4,199,000 after acquiring an additional 16,884 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

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

Analyst Ratings Changes

Several research firms have recently weighed in on TOL. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 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. Oppenheimer lowered their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.46.

Toll Brothers Price Performance

NYSE TOL opened at $128.26 on Wednesday. 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 $12.59 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33. The company has a 50 day moving average price of $116.93 and a two-hundred day moving average price of $111.51. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

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 analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company earned $3.38 earnings per share. Toll Brothers's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.25 dividend. 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 payout ratio is presently 7.42%.

Toll Brothers 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.

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