Pictet Asset Management Holding SA Grows Stake in Toll Brothers, Inc. (NYSE:TOL)

Pictet Asset Management Holding SA increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 784,412 shares of the construction company's stock after buying an additional 140,133 shares during the period. Pictet Asset Management Holding SA owned 0.79% of Toll Brothers worth $98,797,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TOL. New Age Alpha Advisors LLC bought a new stake in shares of Toll Brothers during the 4th quarter valued at $2,783,000. Norges Bank acquired a new position in Toll Brothers in the fourth quarter valued at about $149,924,000. Blair William & Co. IL boosted its holdings in Toll Brothers by 53.7% during the fourth quarter. Blair William & Co. IL now owns 29,009 shares of the construction company's stock worth $3,654,000 after buying an additional 10,140 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Toll Brothers during the 4th quarter worth about $1,053,000. Finally, TIAA Trust National Association increased its stake in shares of Toll Brothers by 1.0% in the 4th quarter. TIAA Trust National Association now owns 54,406 shares of the construction company's stock valued at $6,852,000 after acquiring an additional 519 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TOL shares. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Barclays lowered their price target on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $147.57.

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Toll Brothers Stock Up 0.9 %

Toll Brothers stock traded up $0.98 during midday trading on Wednesday, hitting $106.28. 363,421 shares of the stock were exchanged, compared to its average volume of 1,465,310. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 52-week low of $101.50 and a 52-week high of $169.52. The business's 50-day moving average price is $117.70 and its 200-day moving average price is $135.84.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. On average, research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, April 11th. Toll Brothers's payout ratio is currently 6.88%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.