29,189 Shares in Toll Brothers Inc. $TOL Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio bought 29,189 Toll Brothers shares worth approximately $4.8 million in the second quarter. Institutional investors own 91.76% of the homebuilder.
• Toll Brothers beat quarterly expectations with adjusted EPS of $2.97 and revenue of $2.66 billion, although revenue declined 9.7% year over year and EPS fell from $3.73.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $167.27 versus the reported share price of $140.76. The company also pays a quarterly dividend of $0.26 per share.

Public Employees Retirement System of Ohio acquired a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,189 shares of the construction company's stock, valued at approximately $4,809,000.

Several other large investors have also bought and sold shares of TOL. BlackRock Inc. bought a new position in shares of Toll Brothers in the 2nd quarter worth approximately $1,610,696,000. Price T Rowe Associates Inc. MD boosted its position 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 valued at $446,756,000 after purchasing an additional 3,151,509 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company's stock worth $408,062,000 after purchasing an additional 100,718 shares during the period. Jennison Associates LLC grew its stake in Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company's stock worth $193,589,000 after purchasing an additional 327,953 shares during the period. Finally, Norges Bank bought a new position in Toll Brothers in the fourth quarter worth $168,312,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $140.76 on Thursday. The business has a fifty day moving average price of $150.68 and a 200-day moving average price of $145.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The company has a market capitalization of $12.97 billion, a PE ratio of 11.30, a PEG ratio of 1.13 and a beta of 1.34. Toll Brothers Inc. has a 1-year low of $123.14 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. Toll Brothers's revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.73 EPS. As a group, equities analysts expect that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's dividend payout ratio (DPR) is currently 8.35%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TOL. UBS Group boosted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Evercore reiterated an "outperform" rating and issued a $191.00 price target on shares of Toll Brothers in a research note on Thursday, August 20th. Argus set a $170.00 price target on shares of Toll Brothers in a research report on Tuesday, June 2nd. Citigroup boosted their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, August 21st. Finally, Benchmark assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating on the stock. Fifteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average target price of $167.27.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers 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 sale, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares of the company's stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Company 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.

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