Toll Brothers Inc. (TOL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Toll Brothers Inc. (NYSE:TOL) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,671 shares of the construction company’s stock after selling 24,228 shares during the period. Teacher Retirement System of Texas owned 0.14% of Toll Brothers worth $8,293,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Toll Brothers by 14.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,420 shares of the construction company’s stock worth $354,000 after buying an additional 1,400 shares in the last quarter. Comerica Bank boosted its position in shares of Toll Brothers by 5.4% in the fourth quarter. Comerica Bank now owns 110,875 shares of the construction company’s stock worth $3,439,000 after buying an additional 5,707 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $225,000. Cavalier Investments LLC boosted its position in shares of Toll Brothers by 2.1% in the fourth quarter. Cavalier Investments LLC now owns 9,116 shares of the construction company’s stock worth $283,000 after buying an additional 188 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $4,408,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Toll Brothers Inc. (NYSE TOL) traded up 0.39% during trading on Tuesday, reaching $38.90. The company’s stock had a trading volume of 1,126,045 shares. Toll Brothers Inc. has a one year low of $25.29 and a one year high of $39.75. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 16.04 and a beta of 1.56. The company has a 50-day moving average price of $37.53 and a 200-day moving average price of $34.54.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Toll Brothers Inc. will post $3.15 earnings per share for the current fiscal year.

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TOL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, April 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 price target on shares of Toll Brothers in a research report on Monday, March 27th. Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a report on Monday, April 10th. Finally, Buckingham Research cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a report on Wednesday, May 24th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Toll Brothers has a consensus rating of “Buy” and an average target price of $38.17.

In related news, insider Robert I. Toll sold 1,967 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $38.00, for a total transaction of $74,746.00. Following the sale, the insider now owns 7,420,317 shares of the company’s stock, valued at $281,972,046. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Richard T. Hartman sold 7,836 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $37.00, for a total value of $289,932.00. Following the sale, the president now directly owns 31,770 shares in the company, valued at approximately $1,175,490. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 407,172 shares of company stock worth $15,546,645. 8.78% of the stock is owned by corporate insiders.

About Toll Brothers

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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