Retirement Systems of Alabama Has $29.49 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Retirement Systems of Alabama reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 234,133 shares of the construction company’s stock after selling 1,923 shares during the quarter. Retirement Systems of Alabama’s holdings in Toll Brothers were worth $29,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TOL. Creative Planning raised its stake in Toll Brothers by 14.1% during the second quarter. Creative Planning now owns 9,260 shares of the construction company’s stock worth $1,067,000 after acquiring an additional 1,147 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Toll Brothers by 22.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the construction company’s stock worth $181,000 after acquiring an additional 290 shares in the last quarter. Cetera Investment Advisers raised its stake in Toll Brothers by 19.1% during the second quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock worth $3,110,000 after acquiring an additional 4,336 shares in the last quarter. GAMMA Investing LLC raised its stake in Toll Brothers by 27.4% during the third quarter. GAMMA Investing LLC now owns 1,368 shares of the construction company’s stock worth $211,000 after acquiring an additional 294 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Toll Brothers by 7.6% in the third quarter. Atomi Financial Group Inc. now owns 2,932 shares of the construction company’s stock valued at $453,000 after buying an additional 206 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TOL. Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Barclays lowered their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. UBS Group lowered their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Price Performance

Shares of TOL opened at $134.99 on Thursday. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 1 year low of $97.45 and a 1 year high of $169.52. The stock has a market cap of $13.48 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.76. The stock’s 50-day moving average price is $136.64 and its two-hundred day moving average price is $142.59.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business earned $4.11 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 20,618 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,202 shares of company stock worth $1,947,436. 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.