Swiss National Bank Sells 1,900 Shares of Toll Brothers, Inc. (NYSE:TOL)

Swiss National Bank reduced its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,600 shares of the construction company’s stock after selling 1,900 shares during the period. Swiss National Bank’s holdings in Toll Brothers were worth $25,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Atria Investments Inc increased its stake in Toll Brothers by 22.2% in the third quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock valued at $397,000 after purchasing an additional 466 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Toll Brothers by 59.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 2,600 shares in the last quarter. KBC Group NV increased its position in shares of Toll Brothers by 18.2% during the third quarter. KBC Group NV now owns 2,827 shares of the construction company’s stock worth $437,000 after acquiring an additional 436 shares in the last quarter. Huntington National Bank increased its position in shares of Toll Brothers by 46.8% during the third quarter. Huntington National Bank now owns 712 shares of the construction company’s stock worth $110,000 after acquiring an additional 227 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Toll Brothers by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after acquiring an additional 109 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TOL shares. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Barclays decreased their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. UBS Group decreased their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Citigroup reduced their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Up 1.1 %

TOL opened at $106.06 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The company’s 50-day moving average price is $122.74 and its two-hundred day moving average price is $138.50.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio is presently 6.88%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,785 shares of company stock worth $1,479,185. 1.54% of the stock is owned by corporate insiders.

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.