California Public Employees Retirement System Has $17.49 Million Holdings in Toll Brothers Inc (TOL)

California Public Employees Retirement System boosted its stake in Toll Brothers Inc (NYSE:TOL) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,303 shares of the construction company’s stock after acquiring an additional 34,562 shares during the quarter. California Public Employees Retirement System’s holdings in Toll Brothers were worth $17,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lyell Wealth Management LP boosted its holdings in Toll Brothers by 3.0% in the 3rd quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after acquiring an additional 2,625 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Toll Brothers by 23.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock worth $12,572,000 after acquiring an additional 57,261 shares during the period. Toronto Dominion Bank boosted its holdings in Toll Brothers by 118.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after acquiring an additional 4,628 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Toll Brothers by 73.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after acquiring an additional 53,045 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Toll Brothers by 407.7% in the 3rd quarter. Janus Henderson Group PLC now owns 194,125 shares of the construction company’s stock worth $8,050,000 after acquiring an additional 155,890 shares during the period. Hedge funds and other institutional investors own 84.57% of the company’s stock.

In other Toll Brothers news, Director Christine Garvey sold 16,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $50.82, for a total value of $813,120.00. Following the sale, the director now directly owns 17,057 shares of the company’s stock, valued at $866,836.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard J. Braemer sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the sale, the director now directly owns 82,873 shares in the company, valued at $3,857,738.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,950 shares of company stock worth $5,841,012. Corporate insiders own 8.78% of the company’s stock.

Shares of Toll Brothers Inc (TOL) opened at $46.24 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The stock has a market capitalization of $7,110.00, a P/E ratio of 14.54, a P/E/G ratio of 0.84 and a beta of 1.38. Toll Brothers Inc has a 52-week low of $33.42 and a 52-week high of $52.73.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. research analysts predict that Toll Brothers Inc will post 4.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s dividend payout ratio is currently 10.06%.

Several research firms have recently commented on TOL. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of Toll Brothers in a research note on Wednesday, January 24th. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Mizuho set a $52.00 target price on Toll Brothers and gave the company a “buy” rating in a research note on Thursday, December 7th. Wedbush reiterated a “neutral” rating and set a $40.00 target price (down from $45.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Finally, MKM Partners increased their target price on Toll Brothers to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Toll Brothers has an average rating of “Buy” and a consensus price target of $51.19.

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Toll Brothers Profile

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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