UBS Group AG Sells 154,626 Shares of Toll Brothers Inc. $TOL

Key Points

• UBS Group AG cut its stake in Toll Brothers by 28.5%, selling 154,626 shares in Q4 and now holds 388,409 shares (about 0.41% of the company) valued at ~$52.5 million.
• Toll Brothers beat Q4 expectations with $2.19 EPS and $2.15B revenue (revenue +15.4% YoY), prompting multiple analyst price-target increases and a MarketBeat consensus target of $164.44.
• Insiders have been selling (CEO sold 45,116 shares for ~$7.24M), while the company raised its quarterly dividend to $0.26 (annualized $1.04, ~0.8% yield).

UBS Group AG lowered its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,409 shares of the construction company's stock after selling 154,626 shares during the period. UBS Group AG owned about 0.41% of Toll Brothers worth $52,521,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of Toll Brothers by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 7,004 shares of the construction company's stock valued at $947,000 after buying an additional 343 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Toll Brothers by 86.1% in the 4th quarter. Advisors Capital Management LLC now owns 33,869 shares of the construction company's stock valued at $4,580,000 after buying an additional 15,672 shares in the last quarter. Marathon Capital Management increased its position in shares of Toll Brothers by 10.7% during the fourth quarter. Marathon Capital Management now owns 2,075 shares of the construction company's stock worth $281,000 after acquiring an additional 200 shares in the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Toll Brothers by 7.8% during the fourth quarter. Lebenthal Global Advisors LLC now owns 5,762 shares of the construction company's stock worth $779,000 after acquiring an additional 417 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Toll Brothers by 43.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 4,110 shares of the construction company's stock worth $596,000 after acquiring an additional 1,243 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $144.00 to $161.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. The Goldman Sachs Group increased their price objective on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Weiss Ratings raised shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 10th. Oppenheimer reissued an "outperform" rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $164.44.

Toll Brothers Stock Up 1.7%

TOL stock opened at $137.31 on Wednesday. Toll Brothers Inc. has a twelve month low of $100.92 and a twelve month high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 1.39. The business has a 50 day moving average price of $142.99 and a two-hundred day moving average price of $141.90.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company posted $1.75 earnings per share. Toll Brothers's quarterly revenue was up 15.4% on a year-over-year basis. Analysts anticipate that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.25. Toll Brothers's payout ratio is presently 7.43%.

Insider Activity

In related news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director owned 13,442 shares of the company's stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer directly owned 321,256 shares of the company's stock, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company's stock.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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