Toll Brothers Inc. $TOL Stock Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Toll Brothers stake by 26.3% in the third quarter, acquiring 7,200 additional shares and bringing its holdings to 34,603 shares valued at approximately $4.66 million.
• Institutional ownership remains high at 91.76%, while a Toll Brothers director sold 800 shares for roughly $108,792. Several other investment firms also recently initiated positions.
• Analysts have a consensus “Moderate Buy” rating with an average price target of $166.67. Toll Brothers recently beat quarterly earnings and revenue estimates, though revenue declined 9.7% year over year.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,603 shares of the construction company's stock after acquiring an additional 7,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Toll Brothers were worth $4,663,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TOL. Continuum Advisory LLC acquired a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Toll Brothers during the 2nd quarter valued at $35,000. Compass Financial Management LLC bought a new position in Toll Brothers during the second quarter worth $51,000. Fiduciary Financial Advisors bought a new position in Toll Brothers during the second quarter worth $53,000. Finally, Caitlin John LLC bought a new stake in Toll Brothers in the second quarter valued at $53,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of the stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the sale, the director owned 12,642 shares in the company, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

TOL has been the topic of several research reports. Weiss Ratings upgraded shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. Evercore set a $184.00 target price on Toll Brothers in a research note on Friday, September 25th. Morgan Stanley initiated coverage on Toll Brothers in a research note on Thursday, October 1st. They set an "overweight" rating and a $159.00 price target on the stock. Royal Bank Of Canada cut their price target on Toll Brothers from $158.00 to $148.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $161.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.67.

Toll Brothers Stock Performance

Shares of TOL opened at $145.96 on Monday. The firm has a market capitalization of $13.45 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.18 and a beta of 1.31. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The stock has a 50 day moving average price of $137.89 and a two-hundred day moving average price of $144.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The company's revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $3.73 earnings per share. Equities analysts forecast that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were issued a $0.26 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is currently 8.35%.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.

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