Toll Brothers Inc (TOL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 346,545 shares of the construction company’s stock after selling 1,136 shares during the quarter. Retirement Systems of Alabama’s holdings in Toll Brothers were worth $12,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TOL. Meeder Asset Management Inc. boosted its holdings in Toll Brothers by 694.0% in the fourth quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock valued at $26,000 after acquiring an additional 694 shares during the last quarter. Valley National Advisers Inc. bought a new position in shares of Toll Brothers during the 4th quarter worth $33,000. IMS Capital Management bought a new position in shares of Toll Brothers during the 3rd quarter worth $36,000. Acadian Asset Management LLC bought a new position in shares of Toll Brothers during the 4th quarter worth $64,000. Finally, Financial Architects Inc grew its stake in shares of Toll Brothers by 181.8% during the 4th quarter. Financial Architects Inc now owns 2,015 shares of the construction company’s stock worth $66,000 after acquiring an additional 1,300 shares during the period. 82.63% of the stock is owned by hedge funds and other institutional investors.

In other Toll Brothers news, President Richard T. Hartman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $37.18, for a total value of $371,800.00. Following the sale, the president now owns 76,461 shares of the company’s stock, valued at approximately $2,842,819.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $36.83, for a total value of $441,960.00. Following the completion of the sale, the chief financial officer now directly owns 76,504 shares in the company, valued at approximately $2,817,642.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,000 shares of company stock valued at $1,121,280. 9.69% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on TOL. Barclays set a $33.00 price target on Toll Brothers and gave the stock a “sell” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. downgraded Toll Brothers from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $33.00 to $32.00 in a research note on Thursday, March 7th. Credit Suisse Group reiterated a “hold” rating and set a $37.00 price target on shares of Toll Brothers in a research note on Friday, January 11th. Mizuho downgraded Toll Brothers from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $39.00 in a research note on Wednesday, January 23rd. Finally, Buckingham Research began coverage on Toll Brothers in a research note on Friday, January 11th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.14.

Shares of NYSE TOL opened at $39.22 on Friday. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $43.83. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 0.97 and a beta of 1.00.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 26th. The construction company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.63 by $0.13. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that Toll Brothers Inc will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.44 annualized dividend and a yield of 1.12%. Toll Brothers’s dividend payout ratio is currently 9.34%.

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Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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