Public Employees Retirement System of Ohio Makes New Investment in Toll Brothers Inc. $TOL

Public Employees Retirement System of Ohio bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL) in the second quarter, HoldingsChannel.com reports. The firm bought 29,189 shares of the construction company’s stock, valued at approximately $4,809,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Toll Brothers in the 2nd quarter worth $1,610,696,000. Price T Rowe Associates Inc. MD boosted its position in Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Toll Brothers by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after purchasing an additional 100,718 shares during the period. Jennison Associates LLC grew its stake in shares of Toll Brothers by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after purchasing an additional 327,953 shares during the period. Finally, Norges Bank bought a new position in shares of Toll Brothers in the 4th quarter worth approximately $168,312,000. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Barclays lifted their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Citigroup boosted their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Finally, BTIG Research began coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.27.

Insiders Place Their Bets

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by insiders.

Toll Brothers Trading Up 0.4%

Toll Brothers stock opened at $140.76 on Thursday. The firm has a 50 day moving average of $150.68 and a 200 day moving average of $145.91. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.13 and a beta of 1.34. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm earned $3.73 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, research analysts predict that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 8.35%.

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.