Arizona State Retirement System Grows Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Posted by Defense World Staff on May 12th, 2023

Arizona State Retirement System lifted its stake in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,821 shares of the construction company’s stock after purchasing an additional 539 shares during the quarter. Arizona State Retirement System’s holdings in Toll Brothers were worth $1,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glassy Mountain Advisors Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $37,000. Wipfli Financial Advisors LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $50,000. Accurate Wealth Management LLC acquired a new position in Toll Brothers during the 4th quarter worth approximately $50,000. Quadrant Capital Group LLC grew its holdings in shares of Toll Brothers by 109.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,331 shares of the construction company’s stock worth $56,000 after acquiring an additional 697 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in Toll Brothers in the 3rd quarter valued at approximately $57,000. Institutional investors and hedge funds own 82.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TOL shares. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Bank of America lifted their price target on Toll Brothers from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Oppenheimer lifted their target price on Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. UBS Group boosted their price objective on Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $55.00 price objective on shares of Toll Brothers in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.09.

Toll Brothers Stock Up 0.6 %

Toll Brothers stock opened at $64.96 on Friday. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.67 and a beta of 1.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.59 and a quick ratio of 0.78. Toll Brothers, Inc. has a fifty-two week low of $39.53 and a fifty-two week high of $65.52. The firm has a fifty day moving average price of $60.19 and a two-hundred day moving average price of $54.58.

Toll Brothers (NYSE:TOL – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.33. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. As a group, analysts forecast that Toll Brothers, Inc. will post 8.66 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.21 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, April 5th. Toll Brothers’s dividend payout ratio is 7.29%.

Insider Activity

In other news, Director Paul E. Shapiro sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $58.38, for a total transaction of $58,380.00. Following the sale, the director now directly owns 136,098 shares of the company’s stock, valued at $7,945,401.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $58.69, for a total value of $586,900.00. Following the transaction, the director now directly owns 65,066 shares of the company’s stock, valued at $3,818,723.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $58.38, for a total transaction of $58,380.00. Following the sale, the director now owns 136,098 shares in the company, valued at $7,945,401.24. The disclosure for this sale can be found here. Insiders have sold 14,105 shares of company stock valued at $831,824 over the last three months. 1.79% of the stock is owned by insiders.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.