Oregon Public Employees Retirement Fund Sells 1,170 Shares of Toll Brothers, Inc. (NYSE:TOL)

Oregon Public Employees Retirement Fund lessened its stake in Toll Brothers, Inc. (NYSE:TOLGet Rating) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,228 shares of the construction company’s stock after selling 1,170 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Toll Brothers were worth $1,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC bought a new stake in shares of Toll Brothers in the 2nd quarter valued at about $273,000. Consolidated Capital Management LLC bought a new position in Toll Brothers during the 3rd quarter valued at approximately $2,516,000. Paragon Capital Management Ltd bought a new position in Toll Brothers during the 2nd quarter valued at approximately $202,000. Pictet Asset Management SA raised its position in Toll Brothers by 14.9% during the 2nd quarter. Pictet Asset Management SA now owns 780,574 shares of the construction company’s stock valued at $34,814,000 after purchasing an additional 101,142 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in Toll Brothers during the 2nd quarter valued at approximately $42,000. Institutional investors own 82.74% of the company’s stock.

Toll Brothers Price Performance

NYSE TOL opened at $55.86 on Monday. The business’s fifty day moving average price is $50.15 and its 200-day moving average price is $47.01. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 5.05, a PEG ratio of 0.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.80 and a quick ratio of 0.93. Toll Brothers, Inc. has a 1-year low of $39.53 and a 1-year high of $60.41.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, December 6th. The construction company reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.79. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Toll Brothers had a return on equity of 21.17% and a net margin of 12.52%. On average, equities analysts predict that Toll Brothers, Inc. will post 7.87 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 20th. Investors of record on Friday, January 6th were given a $0.20 dividend. The ex-dividend date was Thursday, January 5th. This represents a $0.80 annualized dividend and a yield of 1.43%. Toll Brothers’s dividend payout ratio is currently 7.23%.

Analysts Set New Price Targets

TOL has been the subject of a number of recent analyst reports. Barclays upped their price target on Toll Brothers from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, December 8th. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Bank of America raised Toll Brothers from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Wednesday, January 11th. Citigroup upped their price target on Toll Brothers to $54.00 in a research report on Monday, December 12th. Finally, Seaport Res Ptn reiterated a “neutral” rating on shares of Toll Brothers in a report on Friday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Hold” and an average target price of $57.46.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 30,000 shares of Toll Brothers stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $55.97, for a total value of $1,679,100.00. Following the completion of the transaction, the chief financial officer now owns 31,220 shares in the company, valued at $1,747,383.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Martin P. Connor sold 30,000 shares of Toll Brothers stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $55.97, for a total value of $1,679,100.00. Following the completion of the transaction, the chief financial officer now owns 31,220 shares in the company, valued at $1,747,383.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,706 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $49.59, for a total transaction of $183,780.54. Following the completion of the sale, the director now directly owns 133,387 shares of the company’s stock, valued at approximately $6,614,661.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,765 shares of company stock worth $4,623,971. Corporate insiders own 8.28% of the company’s stock.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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

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