Retirement Systems of Alabama Has $29.41 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Retirement Systems of Alabama lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,112 shares of the construction company’s stock after selling 1,913 shares during the quarter. Retirement Systems of Alabama owned about 0.27% of Toll Brothers worth $29,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $37,000. IFP Advisors Inc grew its position in shares of Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares during the period. Baker Avenue Asset Management LP grew its position in shares of Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp grew its position in shares of Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after buying an additional 156 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TOL shares. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Monday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. The Goldman Sachs Group lifted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the transaction, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock valued at $7,881,930 over the last 90 days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $121.33 on Monday. The company’s fifty day simple moving average is $118.95 and its 200-day simple moving average is $100.90. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.64 billion, a PE ratio of 9.29, a P/E/G ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 12 month low of $61.70 and a 12 month high of $130.63.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Equities research analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is currently 7.11%.

About Toll Brothers

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.