Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 327 Shares of Toll Brothers, Inc. (NYSE:TOL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,300 shares of the construction company’s stock after selling 327 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Toll Brothers were worth $2,809,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its holdings in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Toll Brothers by 4.1% in the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after acquiring an additional 84,652 shares during the period. FMR LLC grew its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares during the last quarter. Jennison Associates LLC increased its position in 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 during the period. Finally, Raymond James Financial Inc. bought a new stake in Toll Brothers in the 4th quarter valued at $43,615,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $110.40 on Tuesday. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.02 and a beta of 1.77. The firm’s 50-day moving average price is $120.90 and its two-hundred day moving average price 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 released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business 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 dividend of $0.25 per share. 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 a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 6.88%.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research analyst reports. Oppenheimer cut their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Citigroup reduced their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,764 shares of company stock worth $1,476,523. 1.54% of the stock is currently owned by corporate insiders.

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.