New York State Teachers Retirement System Has $16.87 Million Holdings in Toll Brothers Inc. $TOL

New York State Teachers Retirement System trimmed its position in Toll Brothers Inc. (NYSE:TOL) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 122,128 shares of the construction company’s stock after selling 8,253 shares during the period. New York State Teachers Retirement System’s holdings in Toll Brothers were worth $16,871,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Moody Aldrich Partners LLC boosted its position in shares of Toll Brothers by 93.7% in the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after buying an additional 13,175 shares during the period. Advent Capital Management DE acquired a new stake in Toll Brothers during the 2nd quarter worth about $2,853,000. True Wealth Design LLC grew its stake in Toll Brothers by 1,882.2% during the 2nd quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock valued at $102,000 after acquiring an additional 847 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Toll Brothers by 12.1% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 171,376 shares of the construction company’s stock valued at $19,559,000 after acquiring an additional 18,526 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after purchasing an additional 1,183,304 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Shares of TOL opened at $148.82 on Wednesday. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43. The company’s fifty day moving average is $136.80 and its 200-day moving average is $133.43. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $149.80.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $4.63 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.37%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Bank of America decreased their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 10th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Barclays boosted their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Finally, Evercore ISI reiterated an “in-line” rating and set a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $153.07.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.