Toll Brothers Inc. $TOL Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,745 shares of the construction company’s stock after selling 3,575 shares during the period. New York State Teachers Retirement System owned about 0.12% of Toll Brothers worth $15,796,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TOL. Allspring Global Investments Holdings LLC raised its holdings in shares of Toll Brothers by 25.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock worth $14,694,000 after acquiring an additional 21,907 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Toll Brothers by 19.9% during the third quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock valued at $28,706,000 after acquiring an additional 34,432 shares during the last quarter. Annex Advisory Services LLC increased its position in Toll Brothers by 30.8% during the 4th quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock worth $5,984,000 after purchasing an additional 10,420 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Toll Brothers by 120.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,540 shares of the construction company’s stock worth $2,285,000 after purchasing an additional 9,042 shares in the last quarter. Finally, Lighthouse Investment Partners LLC increased its position in Toll Brothers by 18.2% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 95,304 shares of the construction company’s stock worth $13,165,000 after purchasing an additional 14,668 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction 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 $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 86,457 shares of company stock valued at $13,468,657. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Barclays lowered their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Finally, Citigroup initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Stock Up 0.1%

Shares of NYSE:TOL opened at $157.26 on Friday. The stock’s 50-day moving average price is $143.81 and its two-hundred day moving average price is $144.40. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 12-month low of $113.52 and a 12-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.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. On average, research analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

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

Toll Brothers Company Profile

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.