Stifel Financial Corp Sells 367 Shares of Toll Brothers, Inc. (NYSE:TOL)

Stifel Financial Corp cut its holdings in Toll Brothers, Inc. (NYSE:TOL) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,623 shares of the construction company’s stock after selling 367 shares during the period. Stifel Financial Corp’s holdings in Toll Brothers were worth $2,105,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in Toll Brothers during the 2nd quarter worth about $274,000. Raymond James Financial Services Advisors Inc. boosted its position in Toll Brothers by 16.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,139 shares of the construction company’s stock valued at $12,801,000 after purchasing an additional 15,421 shares during the last quarter. Fifth Third Bancorp grew its stake in Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after purchasing an additional 82 shares in the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Toll Brothers by 18.4% during the 2nd quarter. Lebenthal Global Advisors LLC now owns 3,467 shares of the construction company’s stock worth $399,000 after purchasing an additional 538 shares during the last quarter. Finally, Capital Insight Partners LLC raised its stake in shares of Toll Brothers by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 14,351 shares of the construction company’s stock worth $1,653,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $123.80 on Friday. The firm has a 50-day moving average price of $151.38 and a two-hundred day moving average price of $139.41. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The company has a market capitalization of $12.50 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.00 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.11 earnings per share. Analysts anticipate that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at $1,511,032.24. This trade represents a 33.97 % 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, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now owns 246,382 shares of the company’s stock, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,837 shares of company stock valued at $13,124,245 over the last quarter. 1.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TOL. Oppenheimer reissued an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Royal Bank of Canada upped their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays lifted their price target on 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 lowered Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.53.

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.