Stifel Financial Corp Has $2.11 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Stifel Financial Corp reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,623 shares of the construction company’s stock after selling 367 shares during the quarter. Stifel Financial Corp’s holdings in Toll Brothers were worth $2,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the third quarter worth about $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TOL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI lifted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Bank of America increased their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.53.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,837 shares of company stock valued at $13,124,245 over the last 90 days. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $123.80 on Friday. The stock has a market cap of $12.50 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The stock has a 50-day moving average of $151.38 and a 200-day moving average of $139.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52.

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

Toll Brothers Announces Dividend

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

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.