J.Safra Asset Management Corp Buys 1,090 Shares of Toll Brothers, Inc. (NYSE:TOL)

J.Safra Asset Management Corp raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 214.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,599 shares of the construction company’s stock after acquiring an additional 1,090 shares during the quarter. J.Safra Asset Management Corp’s holdings in Toll Brothers were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares during the period. Versant Capital Management Inc increased its stake in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after buying an additional 92 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after buying an additional 109 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $110.66 on Thursday. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 52 week low of $105.73 and a 52 week high of $169.52. 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 firm has a 50 day moving average of $125.82 and a 200-day moving average of $140.44.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOL. Wells Fargo & Company lowered their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,622 shares of company stock worth $1,993,880. Corporate insiders own 1.54% of the company’s stock.

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.