Pictet Asset Management Holding SA Purchases 140,133 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pictet Asset Management Holding SA increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 784,412 shares of the construction company’s stock after purchasing an additional 140,133 shares during the period. Pictet Asset Management Holding SA’s holdings in Toll Brothers were worth $98,797,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in shares of Toll Brothers during the 4th quarter valued at about $2,783,000. Norges Bank purchased a new position in Toll Brothers during the 4th quarter valued at approximately $149,924,000. Blair William & Co. IL increased its stake in Toll Brothers by 53.7% in the 4th quarter. Blair William & Co. IL now owns 29,009 shares of the construction company’s stock worth $3,654,000 after acquiring an additional 10,140 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $1,053,000. Finally, TIAA Trust National Association boosted its position in shares of Toll Brothers by 1.0% during the 4th quarter. TIAA Trust National Association now owns 54,406 shares of the construction company’s stock valued at $6,852,000 after acquiring an additional 519 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Barclays reduced their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Down 3.4 %

NYSE:TOL opened at $105.15 on Friday. The company’s 50-day simple moving average is $118.90 and its 200-day simple moving average is $136.48. 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, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $169.52. The stock has a market capitalization of $10.50 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business 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%. On average, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,764 shares of company stock worth $1,476,523 in the last three months. Corporate insiders own 1.54% of the company’s stock.

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.