Public Employees Retirement System of Ohio Sells 6,215 Shares of Toll Brothers, Inc. (NYSE:TOL)

Public Employees Retirement System of Ohio decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 53,114 shares of the construction company’s stock after selling 6,215 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Toll Brothers were worth $6,871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Toll Brothers by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock worth $372,198,000 after purchasing an additional 14,449 shares during the period. Norges Bank bought a new position in shares of Toll Brothers during the 4th quarter worth about $128,982,000. Goldman Sachs Group Inc. increased its holdings in shares of Toll Brothers by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after purchasing an additional 12,493 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock traded down $0.25 during trading hours on Tuesday, reaching $141.88. 111,862 shares of the company were exchanged, compared to its average volume of 1,386,018. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $144.46. The stock’s fifty day moving average is $120.99 and its two-hundred day moving average is $117.07. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.13 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. Toll Brothers’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Analyst Ratings Changes

A number of research firms recently weighed in on TOL. Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Raymond James reissued a “strong-buy” rating and issued a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Barclays lowered their target price on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Wedbush reissued a “neutral” rating and issued a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 22nd. Finally, Evercore ISI upped their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.25.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders sold a total of 20,170 shares of company stock valued at $2,407,335 over the last ninety days. 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.