Toll Brothers Inc. $TOL Stake Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in Toll Brothers Inc. (NYSE:TOL) by 10.1% in the first quarter, HoldingsChannel.com reports. The firm owned 201,287 shares of the construction company’s stock after acquiring an additional 18,399 shares during the period. California Public Employees Retirement System’s holdings in Toll Brothers were worth $27,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Norges Bank acquired a new position in shares of Toll Brothers in the 4th quarter valued at about $168,312,000. Jennison Associates LLC boosted its holdings in shares of Toll Brothers by 52.0% in the 4th quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after buying an additional 372,976 shares during the period. Two Sigma Investments LP grew its position in shares of Toll Brothers by 663.2% during the 3rd quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock valued at $40,112,000 after buying an additional 252,329 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Toll Brothers during the 3rd quarter valued at about $33,811,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.1%

TOL stock opened at $147.15 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a fifty-two week low of $117.50 and a fifty-two week high of $168.36. The firm’s 50-day simple moving average is $146.06 and its 200 day simple moving average is $145.43. The stock has a market cap of $13.75 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $3.50 EPS. As a group, sell-side analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s payout ratio is 7.87%.

Analysts Set New Price Targets

TOL has been the topic of several research reports. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Benchmark initiated coverage on Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research report on Thursday, June 11th. Finally, Citigroup raised Toll Brothers from a “neutral” rating to a “buy” rating and raised their price target for the stock from $146.00 to $176.00 in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $164.88.

Insiders Place Their Bets

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

About Toll Brothers

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.