Toll Brothers, Inc. (NYSE:TOL) Stake Reduced by Swiss National Bank

Swiss National Bank cut its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,800 shares of the construction company's stock after selling 28,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Toll Brothers worth $21,771,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Toll Brothers by 6.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company's stock valued at $182,484,000 after acquiring an additional 139,004 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Toll Brothers by 12.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company's stock valued at $209,853,000 after purchasing an additional 225,354 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Toll Brothers by 0.7% in the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company's stock valued at $132,016,000 after purchasing an additional 12,520 shares during the last quarter. Invesco Ltd. lifted its position in Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company's stock worth $111,216,000 after buying an additional 772,849 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Toll Brothers by 26.9% during the third quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company's stock worth $110,294,000 after buying an additional 316,100 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Up 2.0 %

Shares of NYSE TOL traded up $2.43 during midday trading on Thursday, hitting $126.48. The company's stock had a trading volume of 1,535,596 shares, compared to its average volume of 1,352,401. Toll Brothers, Inc. has a 1 year low of $63.34 and a 1 year high of $130.63. The business's fifty day simple moving average is $121.44 and its two-hundred day simple moving average is $103.76. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, equities analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's dividend payout ratio (DPR) is presently 7.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TOL shares. Wedbush reiterated a "neutral" rating and set a $87.00 price target on shares of Toll Brothers in a report on Wednesday, February 21st. Citigroup increased their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a "sell" rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and an average price target of $113.80.

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.