State of Tennessee Department of Treasury Has $5.40 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

State of Tennessee Department of Treasury reduced its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,863 shares of the construction company's stock after selling 3,237 shares during the quarter. State of Tennessee Department of Treasury's holdings in Toll Brothers were worth $5,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TOL. ORG Partners LLC acquired a new position in Toll Brothers in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers during the 4th quarter worth about $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its holdings in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on TOL shares. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Barclays dropped their price target on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer reduced their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods dropped their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

Shares of TOL traded up $0.34 during midday trading on Thursday, hitting $101.21. 297,959 shares of the stock traded hands, compared to its average volume of 1,543,488. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The business's 50 day moving average price is $102.86 and its two-hundred day moving average price is $127.41. The firm has a market capitalization of $10.11 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. Toll Brothers's payout ratio is currently 6.88%.

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.