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New York State Teachers Retirement System Lowers Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Toll Brothers logo with Construction background

New York State Teachers Retirement System lowered its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,827 shares of the construction company's stock after selling 12,428 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of Toll Brothers worth $13,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TOL. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers in the 4th quarter worth $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers during the 4th quarter valued at about $29,000. Sound Income Strategies LLC lifted its position in Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares during the last quarter. IAG Wealth Partners LLC boosted its stake in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after buying an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $116.95 on Friday. The business has a 50 day moving average of $107.16 and a 200 day moving average of $113.05. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a market cap of $11.48 billion, a PE ratio of 8.68, a P/E/G ratio of 1.25 and a beta of 1.36. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $3.38 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Raymond James Financial reaffirmed 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. Evercore ISI reiterated an "outperform" rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada reduced their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $141.46.

Check Out Our Latest Research Report on TOL

Toll Brothers Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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