VIRGINIA RETIREMENT SYSTEMS ET Al Sells 4,800 Shares of Toll Brothers Inc. $TOL

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 17.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,103 shares of the construction company’s stock after selling 4,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Toll Brothers were worth $3,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Toll Brothers in the second quarter worth approximately $64,000. SBI Securities Co. Ltd. grew its position in Toll Brothers by 201.7% during the second quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after acquiring an additional 585 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Toll Brothers by 1,882.2% during the second quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after acquiring an additional 847 shares in the last quarter. Finally, Friedenthal Financial raised its stake in shares of Toll Brothers by 587.2% during the third quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock worth $103,000 after acquiring an additional 640 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TOL shares. JPMorgan Chase & Co. cut their price objective on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Toll Brothers in a research report on Thursday, September 18th. UBS Group reduced their price objective on Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Finally, BTIG Research initiated coverage on Toll Brothers in a report on Monday, December 1st. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $150.36.

Toll Brothers Price Performance

TOL stock opened at $135.25 on Friday. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.11 and a beta of 1.43. The firm’s 50-day moving average price is $136.12 and its two-hundred day moving average price is $131.43. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $149.79.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business earned $4.63 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.37%.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.