Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent 13F 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 quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Toll Brothers were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TOL. Atria Investments Inc grew its holdings in shares of Toll Brothers by 22.2% during the third quarter. Atria Investments Inc now owns 2,569 shares of the construction company's stock valued at $397,000 after buying an additional 466 shares during the last quarter. Versor Investments LP purchased a new stake in Toll Brothers in the third quarter worth approximately $349,000. Harbour Investments Inc. grew its holdings in shares of Toll Brothers by 9.0% in the third quarter. Harbour Investments Inc. now owns 2,768 shares of the construction company's stock worth $428,000 after acquiring an additional 229 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Toll Brothers by 59.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company's stock valued at $1,074,000 after purchasing an additional 2,600 shares during the last quarter. Finally, KBC Group NV increased its holdings in Toll Brothers by 18.2% during the third quarter. KBC Group NV now owns 2,827 shares of the construction company's stock valued at $437,000 after buying an additional 436 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

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Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the business's stock in a transaction on 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 directly owns 7,728 shares of the company's stock, valued at approximately $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 11,785 shares of company stock worth $1,479,185 over the last 90 days. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TOL shares. StockNews.com downgraded shares of Toll Brothers from a "hold" rating to a "sell" rating in a report on Wednesday. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Wells Fargo & Company decreased their price target on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $147.57.

Toll Brothers Stock Performance

NYSE TOL traded up $1.98 during trading hours on Wednesday, hitting $106.98. 1,441,429 shares of the stock were exchanged, compared to its average volume of 1,808,506. Toll Brothers, Inc. has a 12-month low of $102.49 and a 12-month high of $169.52. The stock has a 50-day moving average of $122.36 and a 200 day moving average of $138.22. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The business also recently declared 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 a boost 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 0.93%. Toll Brothers's dividend payout ratio is 6.88%.

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.