Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,575 shares of the construction company’s stock after selling 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Toll Brothers were worth $2,591,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Toll Brothers in the third quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC raised its stake in shares of Toll Brothers by 57.9% in the third 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 in the last quarter. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $25,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 over the last quarter. 1.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TOL shares. Bank of America cut their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods cut their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday. Evercore ISI raised their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, 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 report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $110.66 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 52-week low of $108.86 and a 52-week high of $169.52. The business’s 50-day moving average price is $127.20 and its 200 day moving average price is $140.87. The firm has a market cap of $11.05 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (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 company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.33%.

Toll Brothers 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.