Vontobel Holding Ltd. Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Vontobel Holding Ltd. bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,565 shares of the construction company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baker Avenue Asset Management LP boosted its stake in shares of 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. Nilsine Partners LLC boosted its stake in shares of Toll Brothers by 0.8% in the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp boosted its stake in shares of 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. First Trust Direct Indexing L.P. boosted its stake in shares of Toll Brothers by 4.1% in the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after purchasing an additional 161 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Toll Brothers by 4.1% in the third quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after purchasing an additional 165 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group increased 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. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Monday, January 8th. Barclays increased their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. Finally, Citigroup increased their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Stock Up 5.0 %

TOL stock opened at $119.50 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a fifty-two week low of $61.17 and a fifty-two week high of $130.63. The firm’s 50-day simple moving average is $118.01 and its 200 day simple moving average is $99.95. The stock has a market cap of $12.45 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66.

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

Toll Brothers Increases Dividend

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

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,500 shares of company stock valued at $7,881,930. Company insiders own 1.54% of the company’s stock.

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.