Toll Brothers Inc. (NYSE:TOL) Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 60.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,583 shares of the construction company's stock after purchasing an additional 4,366 shares during the period. Vontobel Holding Ltd.'s holdings in Toll Brothers were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company's stock valued at $666,000 after purchasing an additional 2,116 shares during the period. Spire Wealth Management lifted its position in Toll Brothers by 57.2% in the first quarter. Spire Wealth Management now owns 544 shares of the construction company's stock valued at $57,000 after purchasing an additional 198 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Toll Brothers by 16.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,411 shares of the construction company's stock valued at $1,205,000 after purchasing an additional 1,582 shares during the period. Assenagon Asset Management S.A. lifted its position in Toll Brothers by 56.2% in the first quarter. Assenagon Asset Management S.A. now owns 21,974 shares of the construction company's stock valued at $2,320,000 after purchasing an additional 7,908 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Toll Brothers by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 11,706 shares of the construction company's stock valued at $1,236,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Trading Down 2.8%

Shares of NYSE:TOL traded down $3.32 during mid-day trading on Friday, hitting $116.95. The stock had a trading volume of 1,124,095 shares, compared to its average volume of 1,604,647. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The company has a market cap of $11.48 billion, a PE ratio of 8.68, a P/E/G ratio of 1.23 and a beta of 1.36. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company's 50 day moving average is $107.50 and its 200-day moving average is $112.86.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $3.38 EPS. The business's revenue for the quarter was down 3.5% 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 will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.86%. Toll Brothers's dividend payout ratio is presently 7.42%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wells Fargo & Company increased their target price on shares of Toll Brothers from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, June 27th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Finally, Oppenheimer reduced their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.46.

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.