State of New Jersey Common Pension Fund D Trims Stock Position in Toll Brothers, Inc. (NYSE:TOL)

State of New Jersey Common Pension Fund D decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,230 shares of the construction company’s stock after selling 82 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Toll Brothers were worth $5,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. Atomi Financial Group Inc. lifted its stake in Toll Brothers by 11.4% in the first quarter. Atomi Financial Group Inc. now owns 2,281 shares of the construction company’s stock valued at $295,000 after buying an additional 233 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Toll Brothers in the 1st quarter valued at $583,000. Sei Investments Co. boosted its stake in Toll Brothers by 42.5% during the 1st quarter. Sei Investments Co. now owns 253,794 shares of the construction company’s stock worth $32,833,000 after purchasing an additional 75,694 shares during the period. NorthRock Partners LLC purchased a new position in Toll Brothers during the 1st quarter worth $243,000. Finally, Thoroughbred Financial Services LLC increased its stake in Toll Brothers by 4.3% in the first quarter. Thoroughbred Financial Services LLC now owns 4,627 shares of the construction company’s stock valued at $598,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.1 %

TOL opened at $157.37 on Tuesday. The firm has a market cap of $15.89 billion, a P/E ratio of 10.85, a PEG ratio of 1.18 and a beta of 1.68. The business’s fifty day simple moving average is $149.67 and its 200 day simple moving average is $134.09. Toll Brothers, Inc. has a 52 week low of $78.88 and a 52 week high of $160.12. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.73 earnings per share. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.34%.

Insider Activity

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 over the last quarter. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Evercore ISI raised their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company boosted their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Finally, Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

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.