Toll Brothers Inc. $TOL Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,795 shares of the construction company’s stock after selling 8,480 shares during the period. Retirement Systems of Alabama owned about 0.20% of Toll Brothers worth $25,440,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Toll Brothers during the second quarter worth about $4,515,000. Mariner Investment Group LLC acquired a new position in Toll Brothers in the second quarter worth about $1,648,000. Amundi grew its stake in Toll Brothers by 138.4% in the second quarter. Amundi now owns 174,655 shares of the construction company’s stock worth $28,774,000 after purchasing an additional 101,405 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Toll Brothers in the second quarter valued at about $37,012,000. Finally, Meeder Advisory Services Inc. bought a new stake in Toll Brothers in the second quarter valued at about $862,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Down 2.5%

Shares of NYSE:TOL opened at $152.38 on Wednesday. The company’s fifty day moving average is $138.88 and its two-hundred day moving average is $144.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers Inc. has a 1-year low of $123.14 and a 1-year high of $168.36. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business posted $3.73 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Equities analysts anticipate that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TOL shares. Barclays cut their price objective on Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. UBS Group lifted their target price on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Evercore set a $184.00 price target on Toll Brothers in a report on Friday, September 25th. Finally, Royal Bank Of Canada lowered their price target on Toll Brothers from $158.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.40.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the transaction, the director directly owned 12,642 shares in the company, valued at $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Toll Brothers Profile

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.