Deutsche Bank AG Increases Position in Toll Brothers, Inc. (NYSE:TOL)

Deutsche Bank AG increased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 113.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,847 shares of the construction company’s stock after acquiring an additional 29,665 shares during the quarter. Deutsche Bank AG’s holdings in Toll Brothers were worth $7,034,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after purchasing an additional 75 shares during the last quarter. Nilsine Partners LLC grew its holdings in Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after acquiring an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after acquiring an additional 100 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after acquiring an additional 100 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Toll Brothers stock opened at $107.01 on Friday. The firm has a market capitalization of $10.69 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The stock’s 50 day moving average price is $101.56 and its 200 day moving average price is $123.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America dropped their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group cut their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reduced their target price on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company dropped their price target on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.64.

Toll Brothers 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.