Deutsche Bank AG Decreases Stock Holdings in Toll Brothers Inc. $TOL

Deutsche Bank AG decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 47.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,404 shares of the construction company’s stock after selling 26,443 shares during the period. Deutsche Bank AG’s holdings in Toll Brothers were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of Toll Brothers by 1.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company’s stock valued at $2,619,000 after buying an additional 100 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company’s stock valued at $180,000 after buying an additional 107 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Toll Brothers by 5.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company’s stock valued at $221,000 after buying an additional 109 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.6%

NYSE TOL opened at $131.31 on Tuesday. The business’s fifty day simple moving average is $118.78 and its 200-day simple moving average is $111.15. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.89 billion, a PE ratio of 9.74, a P/E/G ratio of 1.36 and a beta of 1.33. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $3.38 EPS. As a group, equities analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOL. Barclays restated an “underweight” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Raymond James Financial restated a “strong-buy” rating and issued a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Evercore ISI restated an “outperform” rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.23.

Insider Buying and Selling

In related news, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value 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. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is currently owned by 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.