Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,130 shares of the construction company’s stock after purchasing an additional 5,832 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toll Brothers were worth $3,795,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after acquiring an additional 42,871 shares during the last quarter. Geode Capital Management LLC lifted its position in Toll Brothers by 4.1% during the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the period. FMR LLC boosted its stake in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the last quarter. Jennison Associates LLC grew its holdings in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after buying an additional 341,980 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers during the 3rd quarter valued at about $111,562,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.8 %

Shares of Toll Brothers stock opened at $104.92 on Friday. The business has a 50-day moving average of $123.13 and a 200-day moving average of $138.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market capitalization of $10.43 billion, a PE ratio of 7.22, a P/E/G ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,622 shares of company stock worth $1,993,880 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

TOL has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group cut their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

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.