Louisiana State Employees Retirement System cut its stake in Toll Brothers Inc (NYSE:TOL) by 8.4% in the fourth quarter, Holdings Channel reports. The fund owned 37,200 shares of the construction company’s stock after selling 3,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Toll Brothers were worth $1,786,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Toll Brothers by 1.8% during the 2nd quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after purchasing an additional 291,112 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Toll Brothers by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after purchasing an additional 323,334 shares during the last quarter. FMR LLC increased its position in shares of Toll Brothers by 13.4% during the 2nd quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after purchasing an additional 1,067,193 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Toll Brothers by 134.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock worth $294,978,000 after purchasing an additional 4,132,120 shares during the last quarter. Finally, State Street Corp increased its position in shares of Toll Brothers by 0.9% during the 2nd quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after purchasing an additional 53,781 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Inc (NYSE TOL) opened at $51.88 on Friday. Toll Brothers Inc has a twelve month low of $30.67 and a twelve month high of $52.44. The company has a market capitalization of $8,210.00, a PE ratio of 16.31, a P/E/G ratio of 0.97 and a beta of 1.57. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. equities analysts anticipate that Toll Brothers Inc will post 3.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is 10.06%.

TOL has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Wells Fargo & Co reissued an “outperform” rating and set a $54.00 price objective (up from $42.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Finally, UBS Group reissued a “buy” rating and set a $58.00 price objective (up from $53.00) on shares of Toll Brothers in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.50.

In other news, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. Following the completion of the transaction, the chief executive officer now owns 211,785 shares in the company, valued at approximately $11,029,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The disclosure for this sale can be found here. Insiders have sold a total of 124,037 shares of company stock valued at $6,114,382 over the last 90 days. 8.78% of the stock is currently owned by company insiders.

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About Toll Brothers

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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