Bank Julius Baer & Co. Ltd Zurich Acquires 8,044 Shares of Toll Brothers, Inc. (NYSE:TOL)

Bank Julius Baer & Co. Ltd Zurich boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,911 shares of the construction company’s stock after buying an additional 8,044 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.08% of Toll Brothers worth $9,036,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. Invesco Ltd. raised its position in Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock valued at $111,216,000 after buying an additional 772,849 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $48,457,000. Acadian Asset Management LLC increased its position in shares of Toll Brothers by 26.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after purchasing an additional 316,100 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Toll Brothers by 157.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company’s stock worth $37,659,000 after purchasing an additional 311,092 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TOL. Seaport Res Ptn lowered Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. The Goldman Sachs Group boosted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Monday, January 8th. Finally, Wedbush reissued a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Price Performance

TOL traded up $2.86 on Friday, reaching $120.22. The stock had a trading volume of 735,078 shares, compared to its average volume of 1,369,356. Toll Brothers, Inc. has a fifty-two week low of $61.70 and a fifty-two week high of $130.63. The firm has a 50-day moving average of $118.59 and a 200-day moving average of $100.20. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Insider Activity

In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 66,500 shares of company stock valued at $7,881,930. Company insiders own 1.54% of the company’s stock.

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.