Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,056 shares of the construction company’s stock after selling 3,876 shares during the quarter. Retirement Systems of Alabama owned about 0.23% of Toll Brothers worth $36,468,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in Toll Brothers in the 2nd quarter valued at about $216,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Toll Brothers during the second quarter worth approximately $274,000. Brookstone Capital Management lifted its holdings in shares of Toll Brothers by 15.4% during the second quarter. Brookstone Capital Management now owns 2,001 shares of the construction company’s stock worth $230,000 after purchasing an additional 267 shares during the period. TCW Group Inc. grew its position in Toll Brothers by 27.9% in the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after buying an additional 16,503 shares during the last quarter. Finally, Raymond James & Associates grew its position in Toll Brothers by 7.7% in the 2nd quarter. Raymond James & Associates now owns 227,276 shares of the construction company’s stock valued at $26,178,000 after buying an additional 16,198 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TOL shares. Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday. Barclays lifted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Bank of America increased their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.53.

Toll Brothers Price Performance

TOL stock opened at $133.86 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The stock’s 50 day moving average price is $153.40 and its 200 day moving average price is $139.08. The firm has a market cap of $13.52 billion, a P/E ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $4.11 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Toll Brothers, Inc. will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,000 shares of company stock valued at $16,435,800. Company insiders own 1.54% of the company’s stock.

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.