UBS Group AG Sells 154,626 Shares of Toll Brothers Inc. $TOL

UBS Group AG lessened its holdings in Toll Brothers Inc. (NYSE:TOL) by 28.5% in the fourth quarter, HoldingsChannel reports. The fund owned 388,409 shares of the construction company’s stock after selling 154,626 shares during the period. UBS Group AG’s holdings in Toll Brothers were worth $52,521,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital World Investors raised its stake in Toll Brothers by 51.5% in the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares in the last quarter. Holocene Advisors LP raised its stake in Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares in the last quarter. Victory Capital Management Inc. raised its stake in Toll Brothers by 209.8% in the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after purchasing an additional 621,117 shares in the last quarter. Two Sigma Investments LP raised its stake in Toll Brothers by 663.2% in the 3rd quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock worth $40,112,000 after purchasing an additional 252,329 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Toll Brothers in the 3rd quarter worth about $33,811,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $137.31 on Wednesday. The company has a market capitalization of $13.00 billion, a PE ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a 50 day simple moving average of $142.99 and a two-hundred day simple moving average of $141.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. Toll Brothers Inc. has a fifty-two week low of $100.92 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Research analysts anticipate that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a dividend of $0.26 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, April 10th. Toll Brothers’s payout ratio is 7.43%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wells Fargo & Company upped their target price on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Evercore raised Toll Brothers from an “in-line” rating to an “outperform” rating and set a $176.00 price target for the company in a report on Monday, April 13th. Barclays decreased their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.44.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.