Swiss National Bank Sells 4,500 Shares of Toll Brothers, Inc. (NYSE:TOL)

Swiss National Bank lowered its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 200,500 shares of the construction company’s stock after selling 4,500 shares during the period. Swiss National Bank’s holdings in Toll Brothers were worth $30,975,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. boosted its position in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after buying an additional 72 shares during the period. Fifth Third Bancorp boosted its holdings in Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after acquiring an additional 82 shares during the period. First Citizens Bank & Trust Co. grew its position in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after acquiring an additional 83 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after purchasing an additional 89 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock worth $32,602,152 over the last quarter. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Up 0.1 %

Shares of Toll Brothers stock opened at $151.96 on Thursday. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a 50-day moving average of $151.51 and a 200 day moving average of $135.71. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.73 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio is presently 6.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their price target on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Finally, StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

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.