California State Teachers Retirement System Boosts Position in Toll Brothers Inc. $TOL

California State Teachers Retirement System raised its position in Toll Brothers Inc. (NYSE:TOL) by 16,116.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,926,118 shares of the construction company’s stock after acquiring an additional 17,815,577 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of Toll Brothers worth $2,953,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $1,610,696,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after buying an additional 100,718 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after buying an additional 327,953 shares during the last quarter. Finally, Norges Bank bought a new stake in Toll Brothers during the fourth quarter valued at approximately $168,312,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 2.2%

Shares of NYSE:TOL opened at $132.03 on Friday. The stock has a 50 day moving average of $147.86 and a 200 day moving average of $144.85. The company has a market cap of $12.17 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm posted $3.73 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is 8.35%.

Toll Brothers News Summary

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Toll Brothers announced the grand opening of the amenity center at Griffith Lakes, a resort-style master-planned community in Charlotte, North Carolina. The event highlights continued development activity and could support future home sales in the market. Toll Brothers Announces Grand Opening of Amenity Center at Griffith Lakes
• Positive Sentiment: The company is expanding its Austin-area presence with model-home openings at Crestline at Brushy Creek in Cedar Park and Wildspring in Leander. These launches may improve community visibility and generate new orders, although their financial impact is likely to develop over time. Toll Brothers Model Home Opens in Crestline at Brushy Creek Toll Brothers Announces Model Home Grand Opening at Wildspring
• Neutral Sentiment: Buffington Homes by Toll Brothers will host a luxury home tour in Northwest Arkansas, while Toll Brothers announced another building release at the Iron Creek townhome community in Charlotte. The announcements reinforce ongoing sales and marketing activity but provide no immediate change to earnings guidance. Buffington Homes Announces 2026 Luxury Home Tour Toll Brothers Announces New Building Release at Iron Creek
• Negative Sentiment: Zacks Research lowered several EPS forecasts, including Q4 2026 to $4.82 from $4.85, FY2028 to $16.74 from $16.84, and estimates for Q1 and Q2 2027 and Q1-Q3 2028. Although FY2026 and FY2027 estimates were raised modestly to $12.70 and $14.27, respectively, the broader pattern of forecast reductions may signal caution about housing demand, margins, or delivery timing.

Analyst Ratings Changes

A number of analysts have commented on the stock. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Barclays lifted their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Evercore restated an “outperform” rating and issued a $191.00 price objective on shares of Toll Brothers in a research note on Thursday, August 20th. Finally, Keefe, Bruyette & Woods raised their target price on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.27.

Insiders Place Their Bets

In other news, Chairman Douglas Yearley, Jr. sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.