Teacher Retirement System of Texas Cuts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Teacher Retirement System of Texas reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,472 shares of the construction company's stock after selling 8,613 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of Toll Brothers worth $6,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TOL. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC increased its position in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Toll Brothers by 15.1% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after buying an additional 92 shares during the period. Finally, Principal Securities Inc. raised its position in Toll Brothers by 25.2% during the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock worth $68,000 after buying an additional 109 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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Toll Brothers Stock Performance

Shares of TOL traded up $1.27 during trading hours on Tuesday, reaching $111.49. 979,215 shares of the company traded hands, compared to its average volume of 1,429,432. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52. The stock has a market cap of $11.14 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The stock's fifty day moving average is $120.90 and its 200 day moving average is $137.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The company 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%. Equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,764 shares of company stock valued at $1,476,523 in the last 90 days. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TOL. StockNews.com downgraded Toll Brothers from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Barclays reduced their price objective on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th. Oppenheimer lowered their price objective 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. Royal Bank of Canada lowered their target price on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.57.

Toll Brothers Profile

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.