Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.81 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 22,300 shares of the construction company’s stock after selling 327 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Toll Brothers were worth $2,809,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Fiduciary Alliance LLC bought a new stake in shares of Toll Brothers in the fourth quarter worth about $1,117,000. Franklin Resources Inc. increased its stake in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $12,506,000. MML Investors Services LLC lifted its stake in Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after buying an additional 4,209 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $110.40 on Tuesday. The firm has a market cap of $11.03 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The business’s 50 day moving average is $120.90 and its 200-day moving average is $137.30. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers 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 directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,764 shares of company stock worth $1,476,523 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TOL shares. Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. UBS Group decreased their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $147.57.

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.