Toll Brothers Inc. $TOL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,566 shares of the construction company’s stock after selling 6,685 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Toll Brothers worth $6,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Toll Brothers by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after purchasing an additional 67,156 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new position in Toll Brothers during the second quarter worth about $341,000. Focus Partners Wealth increased its position in shares of Toll Brothers by 11.7% during the first quarter. Focus Partners Wealth now owns 73,832 shares of the construction company’s stock valued at $7,796,000 after acquiring an additional 7,762 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Toll Brothers by 13.1% in the 1st quarter. Royal Bank of Canada now owns 183,935 shares of the construction company’s stock valued at $19,421,000 after acquiring an additional 21,262 shares during the period. Finally, Inspire Investing LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $2,154,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the sale, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TOL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Bank of America dropped their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada increased their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $131.52 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The stock’s 50-day moving average is $134.92 and its two-hundred day moving average is $124.91. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business posted $3.60 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s payout ratio is currently 7.35%.

Toll Brothers Company Profile

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.