Toll Brothers Inc. $TOL Stock: Bank Julius Baer & Co. Ltd Zurich Increases Position

Key Points

• Bank Julius Baer increased its Toll Brothers stake by 9.9% in the third quarter, bringing its holdings to 89,596 shares valued at approximately $12.1 million. Institutional investors collectively own 91.76% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $166.67. Recent targets range from $168 to $195.
• Toll Brothers exceeded quarterly earnings and revenue expectations, reporting $2.97 in EPS and $2.66 billion in revenue, though revenue declined 9.7% year over year. The company also pays a quarterly dividend of $0.26 per share, yielding about 0.7%.

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 9.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 89,596 shares of the construction company's stock after acquiring an additional 8,045 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.10% of Toll Brothers worth $12,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Toll Brothers during the 2nd quarter worth $4,515,000. Mariner Investment Group LLC purchased a new position in Toll Brothers in the 2nd quarter valued at about $1,648,000. Meeder Advisory Services Inc. purchased a new position in Toll Brothers in the 2nd quarter valued at about $862,000. Ceredex Value Advisors LLC acquired a new stake in shares of Toll Brothers during the second quarter valued at about $37,012,000. Finally, Amundi grew its stake in shares of Toll Brothers by 138.4% during the second quarter. Amundi now owns 174,655 shares of the construction company's stock valued at $28,774,000 after acquiring an additional 101,405 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TOL. Melius Research assumed coverage on Toll Brothers in a research report on Tuesday, October 6th. They set a "buy" rating and a $179.00 target price on the stock. Citigroup reduced their price target on Toll Brothers from $179.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $161.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. UBS Group raised their price objective on Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.67.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $153.33 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The firm has a 50-day simple moving average of $138.02 and a 200 day simple moving average of $144.20. The company has a market cap of $14.13 billion, a PE ratio of 11.23, a P/E/G ratio of 1.13 and a beta of 1.31.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter last year, the company posted $3.73 earnings per share. Toll Brothers's revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers's dividend payout ratio is presently 8.35%.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen East sold 800 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director owned 12,642 shares of the company's stock, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Toll Brothers Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.

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