Shariaportfolio Inc. Increases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Shariaportfolio Inc. raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,720 shares of the construction company’s stock after buying an additional 2,078 shares during the quarter. Toll Brothers comprises about 1.0% of Shariaportfolio Inc.’s investment portfolio, making the stock its 14th biggest holding. Shariaportfolio Inc.’s holdings in Toll Brothers were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth $25,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $111.45 on Monday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 52 week low of $107.79 and a 52 week high of $169.52. The stock’s 50-day simple moving average is $128.57 and its 200-day simple moving average is $141.49.

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 during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio is currently 6.33%.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TOL. Citigroup cut their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Wells Fargo & Company cut their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank of Canada cut their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group cut their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given 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 price target of $150.86.

About Toll Brothers

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.