Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,836 Shares of Toll Brothers Inc. (NYSE:TOL)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Toll Brothers Inc. by 19.4%, holding 35,966 shares valued at approximately $3.8 million.
• Toll Brothers' stock experienced a 3.0% increase, trading at $121.92, with a market capitalization of $11.97 billion.
• The company reported earnings of $3.50 per share, exceeding analyst estimates, and declared a quarterly dividend of $0.25 per share.

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 35,966 shares of the construction company's stock after acquiring an additional 5,836 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Toll Brothers were worth $3,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TOL. Trail Ridge Investment Advisors LLC lifted its stake in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after acquiring an additional 132 shares during the last quarter. Left Brain Wealth Management LLC bought a new position in Toll Brothers during the 1st quarter worth $317,000. MQS Management LLC bought a new position in Toll Brothers during the 1st quarter worth $649,000. Financial Security Advisor Inc. acquired a new stake in Toll Brothers during the 1st quarter worth about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Toll Brothers during the 1st quarter worth about $227,000. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock worth $440,586 in the last three months. Insiders own 1.54% of the company's stock.

Toll Brothers Stock Up 1.7%

Shares of TOL stock traded up $2.07 during trading hours on Monday, hitting $123.98. 264,263 shares of the company's stock traded hands, compared to its average volume of 1,790,423. The stock's fifty day simple moving average is $113.97 and its two-hundred day simple moving average is $111.81. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.27 and a beta of 1.33. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $3.38 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. On average, analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's payout ratio is presently 7.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods lowered their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy 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 $142.23.

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.