Strs Ohio Sells 6,599 Shares of Toll Brothers, Inc. (NYSE:TOL)

Strs Ohio trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 22.1% during the fourth quarter, HoldingsChannel reports. The firm owned 23,214 shares of the construction company’s stock after selling 6,599 shares during the quarter. Strs Ohio’s holdings in Toll Brothers were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. First Capital Advisors Group LLC. bought a new stake in Toll Brothers in the second quarter worth about $36,000. IFP Advisors Inc increased its stake in shares of Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after purchasing an additional 230 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $37,000. Dark Forest Capital Management LP bought a new stake in shares of Toll Brothers in the 1st quarter worth approximately $38,000. Finally, Baker Avenue Asset Management LP lifted its stake in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. Wells Fargo & Company boosted their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday. Oppenheimer boosted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.80.

Toll Brothers Stock Performance

Toll Brothers stock opened at $112.22 on Friday. The firm has a market capitalization of $11.69 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.66. Toll Brothers, Inc. has a 1-year low of $61.17 and a 1-year high of $130.63. The firm’s 50 day simple moving average is $117.45 and its 200 day simple moving average is $98.91. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. As a group, analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.23 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. Toll Brothers’s payout ratio is presently 7.11%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 over the last three months. 1.54% of the stock is owned by corporate insiders.

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.