Public Employees Retirement System of Ohio Lowers Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Public Employees Retirement System of Ohio lessened its holdings in Toll Brothers, Inc. (NYSE:TOL) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,114 shares of the construction company’s stock after selling 6,215 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Toll Brothers worth $6,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Toll Brothers by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after purchasing an additional 14,449 shares in the last quarter. Norges Bank purchased a new stake in Toll Brothers in the 4th quarter valued at approximately $128,982,000. Goldman Sachs Group Inc. boosted its holdings in Toll Brothers by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock valued at $112,124,000 after purchasing an additional 12,493 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after purchasing an additional 243,553 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In other 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Martin P. Connor sold 3,806 shares of the company’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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders sold 20,170 shares of company stock valued at $2,407,335 in the last ninety days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 0.2 %

TOL traded down $0.25 during trading on Tuesday, hitting $141.88. The company’s stock had a trading volume of 111,862 shares, compared to its average volume of 1,386,018. The firm’s 50 day moving average price is $120.99 and its 200-day moving average price is $117.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock has a market cap of $14.56 billion, a PE ratio of 9.71, a PEG ratio of 1.13 and a beta of 1.67. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $144.46.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share. On average, analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.65%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TOL shares. Wedbush reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a report on Wednesday, May 22nd. Barclays reduced their price target on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price target for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Finally, UBS Group lifted their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.25.

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.