Toll Brothers Inc. $TOL Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Toll Brothers stake by 21% in the first quarter, owning 110,541 shares valued at approximately $15.1 million. Institutional investors and hedge funds collectively own 91.76% of the stock.
• Toll Brothers exceeded quarterly expectations, reporting earnings of $2.72 per share versus the $2.58 consensus estimate and revenue of $2.53 billion. However, revenue declined 7.6% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $164.88, although some analysts recently downgraded the stock to neutral. The company also maintains a quarterly dividend of $0.26 per share.

California State Teachers Retirement System boosted its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 21.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 110,541 shares of the construction company's stock after buying an additional 19,155 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Toll Brothers worth $15,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at $27,000. Pinnacle Holdings LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Toll Brothers during the 3rd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers during the 4th quarter worth $34,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $145.75 on Monday. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. Toll Brothers Inc. has a twelve month low of $117.50 and a twelve month high of $168.36. The business has a 50 day simple moving average of $149.07 and a 200-day simple moving average of $146.07.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the business posted $3.50 earnings per share. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's dividend payout ratio (DPR) is presently 7.87%.

Insider Transactions at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer directly owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares of the company's stock, valued at $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TOL shares. Citigroup upgraded Toll Brothers from a "neutral" rating to a "buy" rating and increased their price target for the company from $146.00 to $176.00 in a report on Friday, July 10th. Keefe, Bruyette & Woods upgraded Toll Brothers from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. Evercore reaffirmed an "outperform" rating and issued a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Oppenheimer lowered Toll Brothers from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 9th. Finally, Piper Sandler downgraded Toll Brothers from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.88.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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