Shariaportfolio Inc. Sells 8,683 Shares of Toll Brothers Inc. $TOL

Shariaportfolio Inc. decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 32.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,852 shares of the construction company’s stock after selling 8,683 shares during the period. Toll Brothers makes up approximately 1.1% of Shariaportfolio Inc.’s portfolio, making the stock its 14th largest position. Shariaportfolio Inc.’s holdings in Toll Brothers were worth $2,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC lifted its stake in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers during the third quarter valued at about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers during the fourth quarter valued at about $34,000. Institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BTIG Research initiated coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Citigroup raised Toll Brothers from a “neutral” rating to a “buy” rating and upped their target price for the stock from $146.00 to $176.00 in a research report on Friday, July 10th. Evercore reaffirmed an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Finally, Barclays increased their price target on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.88.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $145.75 on Monday. The business has a 50 day moving average price of $149.07 and a 200 day moving average price of $146.07. Toll Brothers Inc. has a twelve month low of $117.50 and a twelve month high of $168.36. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business posted $3.50 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.