Retirement Systems of Alabama Has $36.47 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Retirement Systems of Alabama decreased its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,056 shares of the construction company's stock after selling 3,876 shares during the period. Retirement Systems of Alabama owned about 0.23% of Toll Brothers worth $36,468,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TOL. FMR LLC boosted its stake in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at about $111,562,000. Pacer Advisors Inc. increased its stake in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock valued at $241,380,000 after acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. increased its stake in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock valued at $110,993,000 after acquiring an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Toll Brothers in the third quarter worth about $38,985,000. Institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. StockNews.com cut Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Oppenheimer reissued an "outperform" rating and set a $189.00 price objective on shares of Toll Brothers in a report on Thursday. Barclays upped their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, August 22nd. Finally, Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a report on Wednesday. Two investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $152.53.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $4.61 during midday trading on Friday, reaching $133.85. The company had a trading volume of 2,505,619 shares, compared to its average volume of 1,372,502. The stock has a fifty day simple moving average of $153.08 and a 200 day simple moving average of $139.16. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL - Get Free Report) last released 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 company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $4.11 EPS. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 14.55 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Insider Activity

In other news, Director John A. Mclean sold 1,000 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now owns 246,382 shares of the company's stock, valued at $38,068,482.82. This represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,000 shares of company stock valued at $16,435,800. 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.