California State Teachers Retirement System Has $11.90 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

California State Teachers Retirement System trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,454 shares of the construction company's stock after selling 3,421 shares during the quarter. California State Teachers Retirement System owned 0.09% of Toll Brothers worth $11,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Toll Brothers in the fourth quarter valued at $149,924,000. Balyasny Asset Management L.P. raised its stake in shares of Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Toll Brothers in the fourth quarter valued at $106,428,000. Junto Capital Management LP acquired a new position in shares of Toll Brothers in the fourth quarter valued at $54,929,000. Finally, FMR LLC raised its stake in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after purchasing an additional 410,394 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Up 2.1%

Toll Brothers stock traded up $2.22 during mid-day trading on Wednesday, hitting $107.70. The stock had a trading volume of 481,488 shares, compared to its average volume of 1,560,011. The stock has a 50-day simple moving average of $100.99 and a two-hundred day simple moving average of $119.35. The stock has a market capitalization of $10.76 billion, a PE ratio of 7.41, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business earned $3.38 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TOL. Evercore ISI reiterated an "outperform" rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Raymond James reiterated a "strong-buy" rating and set a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods lowered their target price on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Finally, Bank of America cut their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.00.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.