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

Teacher Retirement System of Texas decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent 13F 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 quarter.

Several other institutional investors also recently modified their holdings of TOL. Spire Wealth Management grew its holdings in Toll Brothers by 57.2% during the first quarter. Spire Wealth Management now owns 544 shares of the construction company's stock valued at $57,000 after purchasing an additional 198 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Toll Brothers by 16.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,411 shares of the construction company's stock valued at $1,205,000 after purchasing an additional 1,582 shares during the period. Assenagon Asset Management S.A. grew its holdings in Toll Brothers by 56.2% during the first quarter. Assenagon Asset Management S.A. now owns 21,974 shares of the construction company's stock valued at $2,320,000 after purchasing an additional 7,908 shares during the period. State of Alaska Department of Revenue grew its holdings in Toll Brothers by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 11,706 shares of the construction company's stock valued at $1,236,000 after purchasing an additional 190 shares during the period. Finally, UMB Bank n.a. grew its holdings in Toll Brothers by 83.0% during the first quarter. UMB Bank n.a. now owns 950 shares of the construction company's stock valued at $100,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL traded up $1.17 during trading hours on Thursday, hitting $122.56. The company had a trading volume of 415,471 shares, compared to its average volume of 1,607,401. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.22 and a beta of 1.36. The business has a fifty day moving average of $108.56 and a 200-day moving average of $112.81. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. 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 released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $3.38 earnings per share. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TOL. Evercore ISI restated an "outperform" rating and set a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Barclays restated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $141.85.

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.