Toll Brothers Inc. $TOL Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stake

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 26.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,603 shares of the construction company’s stock after acquiring an additional 7,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Toll Brothers were worth $4,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. North Dakota State Investment Board raised its position in Toll Brothers by 2.5% in the third quarter. North Dakota State Investment Board now owns 2,874 shares of the construction company’s stock worth $387,000 after acquiring an additional 71 shares during the period. Great Lakes Retirement Inc. grew its position in shares of Toll Brothers by 1.1% during the 3rd quarter. Great Lakes Retirement Inc. now owns 14,206 shares of the construction company’s stock valued at $1,914,000 after acquiring an additional 152 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Toll Brothers by 1.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,134 shares of the construction company’s stock valued at $2,444,000 after acquiring an additional 340 shares during the period. Center for Financial Planning Inc. purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $84,000. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Toll Brothers by 10.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 2,765 shares of the construction company’s stock worth $373,000 after purchasing an additional 267 shares during the period. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TOL shares. UBS Group increased their price objective on Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Melius Research began coverage on Toll Brothers in a research report on Tuesday, October 6th. They set a “buy” rating and a $179.00 price target on the stock. Citigroup decreased their price objective on Toll Brothers from $179.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Finally, Evercore set a $184.00 price objective on shares of Toll Brothers in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $166.67.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen East sold 800 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the transaction, the director owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $145.96 on Monday. The firm has a 50 day moving average of $137.89 and a 200-day moving average of $144.18. The firm has a market capitalization of $13.45 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. 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 (NYSE:TOL) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the firm posted $3.73 EPS. Toll Brothers’s revenue was down 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers’s payout ratio is 8.35%.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.