New York State Teachers Retirement System Cuts Position in Toll Brothers Inc. $TOL

New York State Teachers Retirement System reduced its position in Toll Brothers Inc. (NYSE:TOL) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 115,745 shares of the construction company’s stock after selling 3,575 shares during the quarter. New York State Teachers Retirement System’s holdings in Toll Brothers were worth $15,796,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TOL. Hilton Head Capital Partners LLC increased its position in Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $27,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers during the third quarter valued at approximately $28,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers during the fourth quarter valued at approximately $27,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers during the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 86,457 shares of company stock worth $13,468,657. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Price Performance

TOL opened at $157.26 on Friday. Toll Brothers Inc. has a twelve month low of $113.52 and a twelve month high of $168.36. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.30 and a beta of 1.34. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $143.81 and a 200 day simple moving average of $144.40.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. Equities research analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Benchmark assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.