California Public Employees Retirement System Has $24.62 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

California Public Employees Retirement System reduced its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 195,451 shares of the construction company's stock after selling 16,273 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Toll Brothers worth $24,617,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the fourth quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth $27,000. Promus Capital LLC bought a new stake in Toll Brothers during the fourth quarter valued at about $29,000. IAG Wealth Partners LLC grew its position in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares during the period. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Up 1.2 %

TOL stock traded up $1.16 during mid-day trading on Tuesday, hitting $95.68. 652,699 shares of the company were exchanged, compared to its average volume of 1,490,202. The firm's 50 day simple moving average is $114.77 and its 200 day simple moving average is $134.41. 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, Inc. has a 1-year low of $94.52 and a 1-year high of $169.52. The firm has a market cap of $9.56 billion, a P/E ratio of 6.57, a P/E/G ratio of 1.02 and a beta of 1.48.

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Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, sell-side analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. 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 restated an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Bank of America decreased their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Barclays reduced their target price on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Buying and Selling

In related news, Director Christine Garvey sold 420 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.54% of the stock is currently owned by insiders.

Toll Brothers Company 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.