Louisiana State Employees Retirement System Takes Position in Toll Brothers Inc. $TOL

Louisiana State Employees Retirement System bought a new stake in Toll Brothers Inc. (NYSE:TOLFree Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 27,500 shares of the construction company’s stock, valued at approximately $3,753,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its holdings in shares of Toll Brothers by 128.7% during the first quarter. Ritholtz Wealth Management now owns 32,217 shares of the construction company’s stock worth $4,397,000 after purchasing an additional 18,128 shares during the last quarter. Brian Low Financial Group LLC lifted its holdings in shares of Toll Brothers by 11.9% in the 1st quarter. Brian Low Financial Group LLC now owns 11,213 shares of the construction company’s stock valued at $1,530,000 after purchasing an additional 1,188 shares during the last quarter. Hilton Head Capital Partners LLC lifted its holdings in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Toll Brothers by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,767 shares of the construction company’s stock valued at $514,000 after purchasing an additional 107 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Toll Brothers by 19.2% in the 1st quarter. SG Americas Securities LLC now owns 227,044 shares of the construction company’s stock valued at $30,985,000 after purchasing an additional 36,546 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Parahus sold 7,500 shares of the firm’s 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 completion of the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 86,457 shares of company stock valued at $13,468,657. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TOL. Citigroup assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set an “outperform” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Benchmark initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Finally, Weiss Ratings cut shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Read Our Latest Report on Toll Brothers

Toll Brothers Stock Up 1.2%

TOL opened at $164.05 on Friday. Toll Brothers Inc. has a 52 week low of $113.10 and a 52 week high of $168.36. The business has a 50 day moving average price of $142.36 and a two-hundred day moving average price of $143.60. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.33 billion, a PE ratio of 12.41, a P/E/G ratio of 1.36 and a beta of 1.36.

Toll Brothers (NYSE:TOLGet Free Report) last announced its earnings results 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

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.

See Also

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

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