Retirement Systems of Alabama Has $29.49 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Retirement Systems of Alabama lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 234,133 shares of the construction company’s stock after selling 1,923 shares during the period. Retirement Systems of Alabama owned about 0.23% of Toll Brothers worth $29,489,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. ORG Partners LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at about $25,000. Finally, UMB Bank n.a. increased its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.8 %

Shares of Toll Brothers stock opened at $134.99 on Thursday. Toll Brothers, Inc. has a 12-month low of $97.45 and a 12-month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.48 billion, a P/E ratio of 8.98, a PEG ratio of 1.17 and a beta of 1.76. The stock has a 50 day moving average price of $136.64 and a two-hundred day moving average price of $142.59.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business earned $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio is 6.12%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Activity

In related news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by company insiders.

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.