Shariaportfolio Inc. Invests $2.26 Million in Toll Brothers, Inc. (NYSE:TOL)

Shariaportfolio Inc. purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,642 shares of the construction company’s stock, valued at approximately $2,262,000. Toll Brothers comprises 1.2% of Shariaportfolio Inc.’s investment portfolio, making the stock its 14th largest holding.

Several other large investors also recently modified their holdings of TOL. Allspring Global Investments Holdings LLC grew its stake in Toll Brothers by 74.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after buying an additional 249 shares in the last quarter. Vest Financial LLC grew its stake in Toll Brothers by 3.3% in the 3rd quarter. Vest Financial LLC now owns 9,869 shares of the construction company’s stock valued at $1,525,000 after buying an additional 319 shares in the last quarter. OLD National Bancorp IN purchased a new position in Toll Brothers in the 3rd quarter valued at approximately $207,000. Raymond James & Associates grew its stake in Toll Brothers by 21.4% in the 3rd quarter. Raymond James & Associates now owns 275,863 shares of the construction company’s stock valued at $42,618,000 after buying an additional 48,587 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $147.07.

Insiders Place Their Bets

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

TOL stock opened at $153.61 on Tuesday. The firm’s 50-day moving average price is $146.31 and its two-hundred day moving average price is $130.98. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $160.12. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.29 and a beta of 1.66. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company earned $3.73 earnings per share. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

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.