Banque Cantonale Vaudoise Makes New $1.67 Million Investment in Toll Brothers Inc. (NYSE:TOL)

Banque Cantonale Vaudoise acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,800 shares of the construction company’s stock, valued at approximately $1,668,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Level Four Advisory Services LLC purchased a new stake in Toll Brothers during the fourth quarter valued at approximately $214,000. O Shaughnessy Asset Management LLC grew its holdings in Toll Brothers by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 35,430 shares of the construction company’s stock worth $4,462,000 after purchasing an additional 247 shares during the last quarter. National Bank of Canada FI grew its holdings in Toll Brothers by 32.0% in the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company’s stock worth $7,315,000 after purchasing an additional 14,080 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Toll Brothers by 804.5% during the 4th quarter. Headlands Technologies LLC now owns 4,631 shares of the construction company’s stock valued at $583,000 after purchasing an additional 4,119 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Michael J. Grubb sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the sale, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at $292,680. This represents a 17.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares of the company’s stock, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,770 shares of company stock worth $440,586 over the last three months. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 2.9%

Shares of NYSE TOL opened at $119.34 on Thursday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The company has a market capitalization of $11.72 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.28 and a beta of 1.36. The company has a 50 day simple moving average of $113.33 and a 200-day simple moving average of $112.23.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company earned $3.38 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TOL. Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on Toll Brothers from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Oppenheimer decreased their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $141.85.

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.