Swiss National Bank Has $21.77 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Swiss National Bank lessened its holdings in Toll Brothers, Inc. (NYSE:TOL) by 11.9% during the fourth quarter, HoldingsChannel reports. The fund owned 211,800 shares of the construction company’s stock after selling 28,600 shares during the quarter. Swiss National Bank’s holdings in Toll Brothers were worth $21,771,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TOL. Baker Avenue Asset Management LP increased its holdings in Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares in the last quarter. Nilsine Partners LLC raised its position in Toll Brothers by 0.8% in the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after buying an additional 146 shares during the last quarter. Fifth Third Bancorp lifted its stake in Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after acquiring an additional 156 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Toll Brothers by 4.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock worth $302,000 after acquiring an additional 161 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Toll Brothers by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock worth $306,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 in the last three months. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $124.03 on Thursday. The firm’s 50 day moving average is $121.21 and its 200 day moving average is $103.60. The stock has a market capitalization of $12.92 billion, a P/E ratio of 9.59, a PEG ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $63.34 and a 12 month high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.23 dividend. 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. This represents a $0.92 annualized dividend and a yield of 0.74%. Toll Brothers’s dividend payout ratio is currently 7.11%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Seaport Res Ptn downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Barclays boosted their price objective on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research report on Monday, February 26th. Wells Fargo & Company raised their target price on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $113.80.

Toll Brothers Company 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.