Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Toll Brothers, Inc. (NYSE:TOL) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,040 shares of the construction company’s stock after selling 6,403 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Toll Brothers were worth $6,804,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the third quarter valued at $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 3.3 %

TOL stock opened at $133.86 on Friday. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. The firm has a 50-day moving average of $153.40 and a two-hundred day moving average of $139.08. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the business posted $4.11 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts forecast that Toll Brothers, Inc. will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analyst Ratings Changes

TOL has been the subject of several recent analyst reports. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada raised their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $164.00 in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.53.

Insider Buying and Selling

In other news, Director John A. Mclean sold 1,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,000 shares of company stock worth $16,435,800. Insiders own 1.54% of the company’s stock.

Toll Brothers Company 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.