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

Swiss National Bank cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,600 shares of the construction company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned 0.20% of Toll Brothers worth $25,014,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. Smartleaf Asset Management LLC increased its stake in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC increased its stake in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc increased its stake in Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after acquiring an additional 109 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TOL. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group decreased their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Barclays decreased their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $106.06 on Tuesday. The firm has a market cap of $10.55 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The firm’s fifty day moving average is $122.74 and its 200-day moving average is $138.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a 52 week low of $102.49 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.94%. Toll Brothers’s payout ratio is presently 6.88%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,785 shares of company stock worth $1,479,185 over the last quarter. Company insiders own 1.54% of the company’s stock.

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.