Teacher Retirement System of Texas Has $3.41 Million Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Teacher Retirement System of Texas lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 36.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares during the period. Lee Danner & Bass Inc. acquired a new position in Toll Brothers in the 4th quarter worth about $27,000. IAG Wealth Partners LLC increased its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Evercore ISI restated an "outperform" rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods decreased 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. Raymond James Financial restated a "strong-buy" rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Wells Fargo & Company upped their price target on Toll Brothers from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Wedbush reissued an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $141.85.

Toll Brothers Trading Up 4.1%

TOL stock traded up $4.74 during midday trading on Wednesday, reaching $121.74. The company's stock had a trading volume of 3,126,616 shares, compared to its average volume of 1,825,055. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The stock has a market cap of $11.95 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.21 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. The business's 50-day simple moving average is $108.14 and its 200-day simple moving average is $112.75.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $3.38 earnings per share. As a group, sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.82%. Toll Brothers's dividend payout ratio is currently 7.42%.

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.