Shariaportfolio Inc. Boosts Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Shariaportfolio Inc. grew its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 17.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,703 shares of the construction company's stock after buying an additional 2,983 shares during the period. Toll Brothers accounts for approximately 1.1% of Shariaportfolio Inc.'s portfolio, making the stock its 14th largest position. Shariaportfolio Inc.'s holdings in Toll Brothers were worth $2,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC increased its stake in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after acquiring an additional 112 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers during the fourth quarter worth about $29,000. IAG Wealth Partners LLC increased its stake in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after acquiring an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Toll Brothers by 34.4% during 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 period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 0.9%

Shares of TOL traded up $1.00 on Tuesday, hitting $113.48. 1,966,167 shares of the stock traded hands, compared to its average volume of 1,593,814. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $11.14 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.17 and a beta of 1.35. The stock's 50 day moving average is $103.95 and its two-hundred day moving average is $114.13. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.38 earnings per share. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers's payout ratio is 7.42%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Oppenheimer lowered their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Barclays restated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $141.08.

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.