Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,657 shares of the construction company’s stock after selling 264 shares during the period. Maryland State Retirement & Pension System’s holdings in Toll Brothers were worth $712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TOL. Xponance Inc. grew its holdings in Toll Brothers by 5.4% in the fourth quarter. Xponance Inc. now owns 11,689 shares of the construction company’s stock valued at $1,472,000 after purchasing an additional 594 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Toll Brothers by 15.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,979 shares of the construction company’s stock valued at $4,097,000 after buying an additional 4,335 shares in the last quarter. SlateStone Wealth LLC grew its stake in Toll Brothers by 4.4% in the 4th quarter. SlateStone Wealth LLC now owns 36,260 shares of the construction company’s stock valued at $4,567,000 after acquiring an additional 1,543 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Toll Brothers by 75.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,653 shares of the construction company’s stock worth $586,000 after acquiring an additional 2,003 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in Toll Brothers during the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. Citigroup cut their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Oppenheimer lowered their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Trading Up 4.0 %

TOL opened at $110.40 on Tuesday. The stock has a market capitalization of $11.03 billion, a PE ratio of 7.60, a P/E/G ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a one year low of $102.49 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The business’s 50 day moving average price is $120.90 and its 200 day moving average price is $137.30.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,764 shares of company stock worth $1,476,523 over the last three months. Insiders own 1.54% of the company’s stock.

About Toll Brothers

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.