Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,908 shares of the construction company’s stock after purchasing an additional 5,627 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toll Brothers were worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares during the last quarter. Castleview Partners LLC purchased a new position in Toll Brothers during the third quarter worth about $37,000. Baker Avenue Asset Management LP lifted its position in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the period. Fifth Third Bancorp lifted its position in Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the period. Finally, Western Pacific Wealth Management LP boosted its holdings in Toll Brothers by 103.3% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock valued at $90,000 after purchasing an additional 620 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of TOL opened at $119.50 on Wednesday. The company has a 50-day moving average of $118.01 and a two-hundred day moving average of $99.95. The stock has a market cap of $12.45 billion, a P/E ratio of 9.23, a PEG ratio of 0.95 and a beta of 1.66. Toll Brothers, Inc. has a 12-month low of $61.17 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 issued its quarterly earnings data 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. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. As a group, research analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TOL. Barclays increased their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. raised their target price on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Wells Fargo & Company upped their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group raised their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.80.

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.