California State Teachers Retirement System Sells 9,176 Shares of Toll Brothers Inc (TOL)

California State Teachers Retirement System decreased its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,156 shares of the construction company’s stock after selling 9,176 shares during the period. California State Teachers Retirement System’s holdings in Toll Brothers were worth $11,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors boosted its holdings in Toll Brothers by 2.1% in the 3rd quarter. Nationwide Fund Advisors now owns 281,670 shares of the construction company’s stock worth $11,681,000 after buying an additional 5,713 shares during the period. Sei Investments Co. boosted its holdings in Toll Brothers by 1,615.5% in the 3rd quarter. Sei Investments Co. now owns 27,551 shares of the construction company’s stock worth $1,142,000 after buying an additional 25,945 shares during the period. New York State Common Retirement Fund boosted its holdings in Toll Brothers by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 364,515 shares of the construction company’s stock worth $15,116,000 after buying an additional 5,500 shares during the period. Toronto Dominion Bank boosted its holdings in Toll Brothers by 118.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after buying an additional 4,628 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Toll Brothers by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 532,241 shares of the construction company’s stock worth $22,072,000 after buying an additional 8,405 shares during the period. 85.99% of the stock is owned by hedge funds and other institutional investors.

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TOL stock opened at $43.80 on Friday. Toll Brothers Inc has a 1-year low of $34.99 and a 1-year high of $52.73. The company has a market cap of $6,917.92, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.54 by $0.09. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue was up 27.7% on a year-over-year basis. equities research analysts forecast that Toll Brothers Inc will post 4.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, April 12th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. Toll Brothers’s dividend payout ratio is 8.89%.

Several research analysts recently weighed in on TOL shares. ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. MKM Partners upped their target price on shares of Toll Brothers to $54.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 target price (down previously from $45.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Royal Bank of Canada upped their target price on shares of Toll Brothers to $57.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Finally, Argus set a $55.00 target price on shares of Toll Brothers and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.75.

In other news, CEO Douglas C. Jr. Yearley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $49.83, for a total transaction of $996,600.00. Following the sale, the chief executive officer now directly owns 231,785 shares in the company, valued at approximately $11,549,846.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 16,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $50.82, for a total transaction of $813,120.00. Following the sale, the director now owns 17,057 shares in the company, valued at $866,836.74. The disclosure for this sale can be found here. Insiders have sold a total of 95,950 shares of company stock valued at $4,910,012 in the last three months. Insiders own 8.78% of the company’s stock.

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Toll Brothers Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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