Retirement Systems of Alabama Has $32.50 Million Stock Holdings in Toll Brothers Inc. $TOL

Retirement Systems of Alabama trimmed its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,275 shares of the construction company’s stock after selling 18,205 shares during the period. Retirement Systems of Alabama’s holdings in Toll Brothers were worth $32,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TOL. Thrivent Financial for Lutherans lifted its stake in Toll Brothers by 52.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock valued at $6,105,000 after buying an additional 15,526 shares in the last quarter. Summit Place Financial Advisors LLC boosted its holdings in shares of Toll Brothers by 89.1% in the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock worth $1,743,000 after buying an additional 6,075 shares during the period. Investment House LLC increased its position in shares of Toll Brothers by 103.2% in the fourth quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 17,193 shares in the last quarter. Highland Capital Management LLC increased its position in shares of Toll Brothers by 56.1% in the fourth quarter. Highland Capital Management LLC now owns 49,470 shares of the construction company’s stock worth $6,689,000 after acquiring an additional 17,770 shares in the last quarter. Finally, Milford Funds Ltd. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $14,829,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 0.4%

Toll Brothers stock opened at $149.09 on Friday. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The company’s fifty day moving average price is $151.48 and its two-hundred day moving average price is $146.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. On average, analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TOL shares. Truist Financial reduced their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. BTIG Research assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $164.88.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’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 of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. 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 the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by company insiders.

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.