Arizona State Retirement System Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

Arizona State Retirement System trimmed its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 29,304 shares of the construction company’s stock after selling 254 shares during the period. Arizona State Retirement System’s holdings in Toll Brothers were worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TOL. Proficio Capital Partners LLC purchased a new stake in Toll Brothers in the fourth quarter worth about $15,150,000. J.Safra Asset Management Corp grew its stake in shares of Toll Brothers by 214.1% during the 4th quarter. J.Safra Asset Management Corp now owns 1,599 shares of the construction company’s stock valued at $202,000 after acquiring an additional 1,090 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Toll Brothers during the 4th quarter valued at approximately $266,000. SBI Securities Co. Ltd. purchased a new stake in Toll Brothers in the 4th quarter worth approximately $281,000. Finally, Jones Financial Companies Lllp raised its stake in Toll Brothers by 66.7% during the 4th quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock worth $666,000 after acquiring an additional 2,116 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,622 shares of company stock valued at $1,993,880. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $109.40 on Monday. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 1 year low of $105.73 and a 1 year high of $169.52. The stock’s 50 day simple moving average is $125.14 and its two-hundred day simple moving average is $140.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

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

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio is 6.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

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.