State of New Jersey Common Pension Fund D Lowers Holdings in Toll Brothers, Inc. (NYSE:TOL)

State of New Jersey Common Pension Fund D cut its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,388 shares of the construction company's stock after selling 3,842 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Toll Brothers were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TOL. ORG Partners LLC purchased a new position in shares of Toll Brothers during the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after buying an additional 66 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TOL has been the subject of several research reports. Barclays cut their target price on shares of Toll Brothers from $135.00 to $115.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Royal Bank of Canada dropped their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research report on Thursday. UBS Group reduced their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $150.86.

Toll Brothers Trading Down 3.7 %

Shares of NYSE:TOL traded down $4.27 during midday trading on Friday, hitting $110.88. 1,008,922 shares of the stock traded hands, compared to its average volume of 1,722,685. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $129.02 and its two-hundred day moving average is $141.40. The stock has a market capitalization of $11.08 billion, a PE ratio of 7.64, a P/E/G ratio of 0.99 and a beta of 1.76. Toll Brothers, Inc. has a one year low of $107.79 and a one year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's payout ratio is 6.33%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 over the last quarter. Corporate 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.