Swiss National Bank Sells 4,500 Shares of Toll Brothers, Inc. (NYSE:TOL)

Swiss National Bank lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,500 shares of the construction company's stock after selling 4,500 shares during the quarter. Swiss National Bank owned about 0.20% of Toll Brothers worth $30,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Toll Brothers in the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers in the second quarter worth $29,000. Massmutual Trust Co. FSB ADV increased its position in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after buying an additional 142 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock valued at $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock valued at $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 20.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 over the last three months. Company insiders own 1.54% of the company's stock.

Toll Brothers Stock Up 0.1 %

Shares of TOL stock opened at $151.96 on Thursday. Toll Brothers, Inc. has a 12 month low of $84.40 and a 12 month high of $160.12. The firm has a market cap of $15.34 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. The stock has a 50 day moving average of $151.51 and a 200-day moving average of $135.71. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the business posted $3.73 earnings per share. Toll Brothers's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's dividend payout ratio (DPR) is 6.34%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Oppenheimer raised their target price on Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price target on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods restated an "outperform" rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Wedbush upgraded Toll Brothers from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $148.87.

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.