Proficio Capital Partners LLC Takes $15.15 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Proficio Capital Partners LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 120,282 shares of the construction company's stock, valued at approximately $15,150,000. Proficio Capital Partners LLC owned about 0.12% of Toll Brothers at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its stake in Toll Brothers by 214.1% during the fourth quarter. J.Safra Asset Management Corp now owns 1,599 shares of the construction company's stock valued at $202,000 after buying an additional 1,090 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Toll Brothers during the fourth quarter valued at $266,000. SBI Securities Co. Ltd. purchased a new position in Toll Brothers during the fourth quarter valued at $281,000. Jones Financial Companies Lllp raised its stake in Toll Brothers by 66.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company's stock valued at $666,000 after buying an additional 2,116 shares during the last quarter. Finally, Modera Wealth Management LLC raised its stake in Toll Brothers by 40.5% during the fourth quarter. Modera Wealth Management LLC now owns 2,454 shares of the construction company's stock valued at $309,000 after buying an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of the business's stock in a transaction dated Monday, December 30th. The shares were 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 of the company's stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,785 shares of company stock valued at $1,479,185. Company insiders own 1.54% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. UBS Group reduced their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.57.

Toll Brothers Stock Performance

Shares of TOL traded down $1.02 during trading hours on Tuesday, hitting $105.03. The stock had a trading volume of 1,273,763 shares, compared to its average volume of 1,413,497. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52. The firm has a market capitalization of $10.44 billion, a PE ratio of 7.23, a PEG ratio of 1.02 and a beta of 1.77. The stock has a fifty day moving average price of $122.74 and a 200 day moving average price of $138.50.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

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.