Union Bancaire Privee UBP SA Invests $15.25 Million in Toll Brothers, Inc. (NYSE:TOL)

Union Bancaire Privee UBP SA bought a new position in Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 121,100 shares of the construction company’s stock, valued at approximately $15,253,000.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after acquiring an additional 84,652 shares in the last quarter. FMR LLC lifted its stake in shares of Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Toll Brothers by 35.1% in the third quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after buying an additional 229,603 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of TOL opened at $135.04 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.04 and a beta of 1.74. The business’s 50-day moving average is $139.51 and its 200-day moving average is $142.14. Toll Brothers, Inc. has a fifty-two week low of $96.33 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.11 EPS. Equities research analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s payout ratio is 6.12%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TOL shares. Barclays reduced their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. Evercore ISI increased their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Citigroup dropped their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.64.

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.