Arizona State Retirement System Sells 289 Shares of Toll Brothers, Inc. (NYSE:TOL)

Arizona State Retirement System lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 0.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,257 shares of the construction company’s stock after selling 289 shares during the quarter. Arizona State Retirement System’s holdings in Toll Brothers were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its holdings in Toll Brothers by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,032 shares of the construction company’s stock valued at $75,000 after buying an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Toll Brothers by 20.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,405 shares of the construction company’s stock valued at $102,000 after buying an additional 235 shares in the last quarter. Argent Trust Co grew its holdings in Toll Brothers by 6.3% during the 4th quarter. Argent Trust Co now owns 6,946 shares of the construction company’s stock valued at $503,000 after buying an additional 411 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Toll Brothers by 121.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 787 shares of the construction company’s stock valued at $37,000 after buying an additional 432 shares in the last quarter. Finally, Tower Bridge Advisors grew its holdings in Toll Brothers by 0.3% during the 4th quarter. Tower Bridge Advisors now owns 143,046 shares of the construction company’s stock valued at $10,355,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $49.57 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.01 and a quick ratio of 0.62. Toll Brothers, Inc. has a 1-year low of $40.19 and a 1-year high of $75.61. The business has a 50 day moving average of $47.29 and a 200 day moving average of $49.79. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.90 and a beta of 1.47.

Toll Brothers (NYSE:TOLGet Rating) last announced its quarterly earnings data on Tuesday, May 24th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.39. Toll Brothers had a return on equity of 18.61% and a net margin of 10.48%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. On average, sell-side analysts predict that Toll Brothers, Inc. will post 10.16 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $0.80 annualized dividend and a yield of 1.61%. Toll Brothers’s payout ratio is currently 10.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush reduced their target price on Toll Brothers from $73.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, May 26th. JPMorgan Chase & Co. cut their price objective on Toll Brothers from $53.50 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Citigroup cut their price objective on Toll Brothers from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, June 21st. Credit Suisse Group started coverage on Toll Brothers in a report on Tuesday, April 5th. They set an “outperform” rating and a $63.00 price objective for the company. Finally, Wells Fargo & Company lowered Toll Brothers from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $56.00 to $48.00 in a report on Friday, June 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Hold” and an average price target of $55.42.

About Toll Brothers

(Get Rating)

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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

Read More

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers, Inc. (NYSE:TOLGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.