VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stock Position in Toll Brothers Inc. $TOL

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in Toll Brothers Inc. (NYSE:TOL) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,103 shares of the construction company’s stock after selling 4,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Toll Brothers were worth $3,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC raised its stake in Toll Brothers by 10.1% in the 3rd quarter. Sivia Capital Partners LLC now owns 6,802 shares of the construction company’s stock valued at $940,000 after acquiring an additional 622 shares during the period. waypoint wealth counsel increased its stake in shares of Toll Brothers by 23.5% in the third quarter. waypoint wealth counsel now owns 3,091 shares of the construction company’s stock worth $427,000 after purchasing an additional 588 shares in the last quarter. HM Payson & Co. raised its position in shares of Toll Brothers by 6.0% in the third quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock valued at $243,000 after purchasing an additional 100 shares during the period. Retireful LLC bought a new stake in shares of Toll Brothers in the third quarter valued at approximately $828,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $296,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $135.25 on Friday. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.11 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $136.12 and a 200 day simple moving average of $131.43. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business earned $4.63 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.37%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TOL. Royal Bank Of Canada reduced their price objective on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. BTIG Research assumed coverage on Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods reduced their price target on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. UBS Group decreased their price objective on Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. cut their target price on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.36.

Toll Brothers Company 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.