Toll Brothers Inc. $TOL Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Toll Brothers Inc. (NYSE:TOL) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,900 shares of the construction company’s stock after selling 3,900 shares during the quarter. Swiss National Bank owned about 0.19% of Toll Brothers worth $21,673,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Long Pond Capital LP bought a new position in shares of Toll Brothers in the first quarter worth $117,870,000. Dimensional Fund Advisors LP grew its position in Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after buying an additional 375,372 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in Toll Brothers in the 1st quarter valued at about $28,720,000. Amundi increased its stake in Toll Brothers by 429.1% during the 1st quarter. Amundi now owns 316,888 shares of the construction company’s stock valued at $31,179,000 after buying an additional 256,996 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth about $24,304,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $138.56 on Wednesday. The stock’s fifty day simple moving average is $134.64 and its 200 day simple moving average is $125.67. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.60 and a beta of 1.37. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $168.17.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.35%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and set a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Bank of America cut their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $149.43.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.54% of the stock is currently owned by corporate insiders.

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.