VIRGINIA RETIREMENT SYSTEMS ET Al Invests $4.51 Million in Toll Brothers Inc. $TOL

Posted by Brenda Bartman on Sep 10th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Toll Brothers Inc. (NYSE:TOL – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,403 shares of the construction company’s stock, valued at approximately $4,515,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in shares of Toll Brothers by 16,116.7% in the 2nd quarter. California State Teachers Retirement System now owns 17,926,118 shares of the construction company’s stock worth $2,953,328,000 after acquiring an additional 17,815,577 shares in the last quarter. BlackRock Inc. bought a new position in Toll Brothers during the second quarter worth $1,610,696,000. Price T Rowe Associates Inc. MD boosted its holdings in Toll Brothers by 2,067.8% in 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 bought a new stake in Toll Brothers during the fourth quarter valued at $168,312,000. Finally, Bamco Inc. NY bought a new stake in Toll Brothers during the second quarter valued at $166,250,000. 91.76% of the stock is owned by institutional investors.

Trending Headlines about Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

Positive Sentiment: Zacks raised its FY2026 EPS estimate to $12.70 from $12.63 and FY2027 EPS estimate to $14.27 from $14.14. These upward revisions suggest analysts still expect earnings growth beyond the current year. MarketBeat Toll Brothers analyst estimates
Positive Sentiment: Toll Brothers announced a new building release at Iron Creek, a luxury townhome community in Charlotte featuring four-story homes and rooftop terraces. The release expands the company’s available inventory in a major housing market, although no sales or revenue figures were disclosed. Iron Creek building release
Neutral Sentiment: The company announced a model-home grand opening at Wildspring in Leander, Texas, an Austin-area luxury community with resort-style amenities. The event supports brand visibility and future demand generation, but does not provide a direct near-term earnings catalyst. Wildspring model home grand opening
Neutral Sentiment: Buffington Homes by Toll Brothers scheduled a luxury-home tour across Northwest Arkansas from September 12–20. The event may help attract prospective buyers, but its effect on orders and revenue remains uncertain. Northwest Arkansas luxury home tour
Negative Sentiment: Zacks lowered several estimates, including Q4 2026 EPS to $4.82 from $4.85, Q1 2027 to $1.88 from $1.93, Q2 2027 to $3.16 from $3.18, Q1 2028 to $2.30 from $2.36, Q2 2028 to $3.85 from $3.89, Q3 2028 to $4.45 from $4.46, and FY2028 to $16.74 from $16.84. The broad downward revisions, particularly for nearer-term quarters, likely weigh on sentiment despite the FY2026 and FY2027 increases.

Toll Brothers Stock Performance

TOL opened at $135.13 on Thursday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $148.36 and its 200-day moving average is $145.06. The stock has a market cap of $12.45 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36.

Toll Brothers (NYSE:TOL – Get Free Report) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the firm earned $3.73 EPS. On average, analysts predict that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is 8.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TOL shares. Argus set a $170.00 price target on shares of Toll Brothers in a report on Tuesday, June 2nd. UBS Group increased their price objective on shares of Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Citigroup lifted their target price on Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Finally, Barclays increased their price target on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $167.27.

View Our Latest Stock Analysis on TOL

Insiders Place Their Bets

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Douglas Yearley, Jr. sold 77,957 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at $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. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Company Profile

(Free Report)

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.