Deutsche Bank AG Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Deutsche Bank AG raised its holdings in 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 firm owned 55,847 shares of the construction company’s stock after purchasing an additional 29,665 shares during the quarter. Deutsche Bank AG owned about 0.06% of Toll Brothers worth $7,034,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its position in Toll Brothers by 23.4% in the 4th quarter. Cetera Investment Advisers now owns 38,380 shares of the construction company’s stock valued at $4,834,000 after acquiring an additional 7,284 shares during the period. Centiva Capital LP increased its holdings in shares of Toll Brothers by 13.9% in the fourth quarter. Centiva Capital LP now owns 17,357 shares of the construction company’s stock valued at $2,186,000 after purchasing an additional 2,114 shares during the period. Captrust Financial Advisors raised its stake in shares of Toll Brothers by 25.8% during the fourth quarter. Captrust Financial Advisors now owns 4,092 shares of the construction company’s stock worth $515,000 after purchasing an additional 840 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Toll Brothers by 2.2% during the fourth quarter. Baird Financial Group Inc. now owns 17,055 shares of the construction company’s stock worth $2,148,000 after purchasing an additional 364 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after purchasing an additional 1,110,192 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Up 0.6%

TOL opened at $107.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 7.36, a PEG 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 business’s fifty day moving average is $101.56 and its two-hundred day moving average is $123.29.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

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

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TOL shares. The Goldman Sachs Group cut their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price target on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.64.

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.