Louisiana State Employees Retirement System Trims Position in Toll Brothers, Inc. (NYSE:TOL)

Louisiana State Employees Retirement System cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the construction company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Toll Brothers were worth $3,527,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TOL. Larson Financial Group LLC grew its stake in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the period. First Trust Direct Indexing L.P. grew its stake in Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares during the period. First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after acquiring an additional 83 shares during the period. Nilsine Partners LLC grew its stake in Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 88 shares during the period. Finally, Versant Capital Management Inc grew its stake in Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada lifted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Bank of America lowered their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Stock Up 0.7 %

NYSE TOL opened at $123.43 on Friday. The firm has a market cap of $12.33 billion, a PE ratio of 8.21, a P/E/G ratio of 1.15 and a beta of 1.76. Toll Brothers, Inc. has a 52 week low of $100.47 and a 52 week high of $169.52. The business’s fifty day simple moving average is $132.39 and its 200-day simple moving average is $142.24. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.11 EPS. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.75%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

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.