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

Retirement Systems of Alabama decreased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 188,795 shares of the construction company’s stock after selling 8,480 shares during the quarter. Retirement Systems of Alabama’s holdings in Toll Brothers were worth $25,440,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TOL. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Toll Brothers in the 2nd quarter worth about $4,515,000. Mariner Investment Group LLC bought a new stake in Toll Brothers in the 2nd quarter valued at about $1,648,000. Meeder Advisory Services Inc. acquired a new position in Toll Brothers during the 2nd quarter valued at about $862,000. Ceredex Value Advisors LLC acquired a new position in Toll Brothers during the 2nd quarter valued at about $37,012,000. Finally, Amundi boosted its stake in Toll Brothers by 138.4% during the 2nd quarter. Amundi now owns 174,655 shares of the construction company’s stock valued at $28,774,000 after purchasing an additional 101,405 shares during the period. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore set a $184.00 target price on shares of Toll Brothers in a research report on Friday, September 25th. Stonex Financial raised Toll Brothers to a “strong-buy” rating in a report on Thursday, October 15th. Barclays cut their price target on Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a report on Tuesday, October 6th. Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Finally, Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.40.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the transaction, the director owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by corporate insiders.

Toll Brothers Trading Down 2.5%

NYSE:TOL opened at $152.38 on Wednesday. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.16 and a beta of 1.30. 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 business has a fifty day moving average of $138.88 and a 200-day moving average of $144.42.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business earned $3.73 earnings per share. The company’s revenue was down 9.7% on a year-over-year basis. Equities analysts predict that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Announces Dividend

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

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.