Toll Brothers Inc. $TOL Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Toll Brothers Inc. by 9.0%, totaling 304,227 shares valued at approximately $32.1 million.
• Toll Brothers reported a quarterly EPS of $3.73, exceeding estimates, with revenue growing by 8.0% year-over-year to $2.95 billion.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annualized yield of 0.7% with a payout ratio of 7.35%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,227 shares of the construction company's stock after acquiring an additional 25,157 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.30% of Toll Brothers worth $32,123,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after acquiring an additional 112 shares in the last quarter. Brooklyn Investment Group raised its holdings in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Larson Financial Group LLC raised its holdings in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after acquiring an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in 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 valued at $38,000 after acquiring an additional 249 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in Toll Brothers in the first quarter valued at $42,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

NYSE TOL opened at $141.52 on Tuesday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $130.07 and a 200 day simple moving average of $113.81. The company has a market cap of $13.64 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.94 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.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the company posted $3.60 earnings per share. Toll Brothers's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers's dividend payout ratio is currently 7.35%.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the stock in a transaction dated Wednesday, July 16th. The shares were 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 of the company's stock, valued at $1,474,724.71. This represents a 16.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,413 shares of company stock worth $5,746,216. 1.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TOL shares. Bank of America boosted their target price on shares of Toll Brothers from $132.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Evercore ISI reiterated an "outperform" rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus target price of $149.07.

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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