Public Employees Retirement System of Ohio Has $4.93 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Public Employees Retirement System of Ohio decreased its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,153 shares of the construction company's stock after selling 4,887 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Toll Brothers were worth $4,931,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC grew its stake in shares of 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 acquiring an additional 238 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after acquiring an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing 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 traded down $0.68 during midday trading on Friday, hitting $104.37. 1,346,063 shares of the company were exchanged, compared to its average volume of 1,564,523. The firm has a 50 day simple moving average of $101.18 and a 200-day simple moving average of $120.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market cap of $10.43 billion, a P/E ratio of 7.18, a PEG ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $3.38 earnings per share. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.96%. Toll Brothers's payout ratio is presently 7.42%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TOL shares. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Oppenheimer reduced their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Bank of America lowered their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average target price of $141.36.

About Toll Brothers

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.