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

Retirement Systems of Alabama lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,056 shares of the construction company’s stock after selling 3,876 shares during the period. Retirement Systems of Alabama’s holdings in Toll Brothers were worth $36,468,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TOL. FMR LLC increased its holdings in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Toll Brothers in the third quarter worth about $111,562,000. Pacer Advisors Inc. grew its stake in shares of Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Toll Brothers during the 3rd quarter worth approximately $38,985,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 3.3 %

Shares of NYSE:TOL opened at $133.86 on Friday. The company’s fifty day moving average is $153.40 and its two-hundred day moving average is $139.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Toll Brothers, Inc. will post 14.55 EPS for the current year.

Toll Brothers Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock worth $16,435,800 in the last three months. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TOL. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research note on Thursday. Barclays upped their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.53.

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.