Bank Julius Baer & Co. Ltd Zurich Raises Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Bank Julius Baer & Co. Ltd Zurich lifted its position in Toll Brothers, Inc. (NYSE:TOL) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 76,066 shares of the construction company’s stock after buying an additional 6,413 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Toll Brothers were worth $10,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Aviance Capital Partners LLC lifted its holdings in shares of Toll Brothers by 4.3% in the 4th quarter. Aviance Capital Partners LLC now owns 15,724 shares of the construction company’s stock worth $1,980,000 after buying an additional 649 shares during the period. Callan Family Office LLC bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $401,000. Inceptionr LLC lifted its stake in Toll Brothers by 174.3% in the fourth quarter. Inceptionr LLC now owns 13,941 shares of the construction company’s stock worth $1,756,000 after acquiring an additional 8,859 shares during the period. Raymond James Financial Inc. bought a new position in Toll Brothers during the 4th quarter worth about $43,615,000. Finally, Promus Capital LLC purchased a new position in Toll Brothers during the 4th quarter valued at about $29,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TOL shares. Barclays lowered their price target 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. Citigroup lowered their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Bank of America decreased their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of Toll Brothers 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 sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,622 shares of company stock worth $1,993,880 in the last three months. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $109.40 on Friday. The firm’s fifty day moving average is $125.14 and its two-hundred day moving average is $140.12. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. 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 one year low of $105.73 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

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.