Retirement Systems of Alabama Sells 42,528 Shares of Toll Brothers, Inc. (NYSE:TOL)

Retirement Systems of Alabama decreased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,932 shares of the construction company’s stock after selling 42,528 shares during the period. Retirement Systems of Alabama owned about 0.23% of Toll Brothers worth $27,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TOL. International Assets Investment Management LLC grew its holdings in Toll Brothers by 6,183.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,131 shares of the construction company’s stock valued at $116,000 after purchasing an additional 1,113 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Toll Brothers by 17.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,800 shares of the construction company’s stock worth $1,007,000 after acquiring an additional 1,440 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Toll Brothers during the 4th quarter worth approximately $366,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Toll Brothers by 32.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,908 shares of the construction company’s stock valued at $2,355,000 after purchasing an additional 5,627 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Toll Brothers in the fourth quarter worth approximately $113,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL stock traded up $7.45 during trading on Friday, hitting $148.72. 2,498,388 shares of the company’s stock traded hands, compared to its average volume of 1,413,450. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $148.95. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 1.05 and a beta of 1.67. The business has a fifty day simple moving average of $126.00 and a 200 day simple moving average of $121.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm earned $3.73 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Raymond James restated a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Toll Brothers in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Toll Brothers 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.