Toll Brothers, Inc. (NYSE:TOL) Position Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,040 shares of the construction company's stock after selling 6,403 shares during the period. Public Employees Retirement System of Ohio's holdings in Toll Brothers were worth $6,804,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TOL. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock worth $94,000 after buying an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after buying an additional 83 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its stake in shares of Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock valued at $212,000 after buying an additional 89 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Down 3.3 %

NYSE TOL traded down $4.61 during trading hours on Friday, hitting $133.85. The company had a trading volume of 2,505,619 shares, compared to its average volume of 1,372,502. The firm's 50 day moving average is $153.08 and its 200 day moving average is $139.16. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.07 and a beta of 1.69. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company's revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $4.11 EPS. Sell-side analysts anticipate that Toll Brothers, Inc. will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers's payout ratio is 6.12%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares of the company's stock, valued at $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares in the company, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 in the last quarter. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOL. StockNews.com downgraded Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Evercore ISI upped their target price on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.53.

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.