Teacher Retirement System of Texas Cuts Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Teacher Retirement System of Texas lowered its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 36.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,260 shares of the construction company's stock after selling 18,212 shares during the quarter. Teacher Retirement System of Texas' holdings in Toll Brothers were worth $3,406,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TOL. Norges Bank bought a new position in Toll Brothers in the 4th quarter valued at approximately $149,924,000. Balyasny Asset Management L.P. raised its holdings in Toll Brothers by 24,475.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after buying an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. bought a new position in Toll Brothers in the 4th quarter valued at approximately $106,428,000. Junto Capital Management LP acquired a new stake in Toll Brothers during the 4th quarter valued at approximately $54,929,000. Finally, FMR LLC increased its position in Toll Brothers by 19.4% during the 4th 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 during the period. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Up 1.3%

NYSE TOL traded up $1.55 during mid-day trading on Thursday, hitting $122.94. The company's stock had a trading volume of 2,032,592 shares, compared to its average volume of 1,614,419. The company's 50 day simple moving average is $108.56 and its 200 day simple moving average is $112.81. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.26 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $3.38 EPS. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers's payout ratio is currently 7.42%.

Analysts Set New Price Targets

A number of research firms have weighed in on TOL. Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wedbush reissued an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Evercore ISI reissued an "outperform" rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Company 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.