Bank Julius Baer & Co. Ltd Zurich Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.1% in the 4th quarter, HoldingsChannel reports. 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’s holdings in Toll Brothers were worth $9,036,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after acquiring an additional 230 shares during the period. Castleview Partners LLC purchased a new stake in Toll Brothers in the 3rd quarter worth approximately $37,000. Baker Avenue Asset Management LP lifted its holdings in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp lifted its holdings in Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after buying an additional 156 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Toll Brothers in the 4th quarter worth approximately $76,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TOL shares. The Goldman Sachs Group increased their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Wedbush reissued a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research report on Wednesday, February 21st. Finally, Citigroup increased their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now 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 three months, insiders have sold 66,500 shares of company stock worth $7,881,930. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 2.4 %

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

Toll Brothers (NYSE:TOL) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.70 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

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

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.