Toll Brothers Inc (TOL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in Toll Brothers Inc (NYSE:TOL) by 11.5% during the third quarter, HoldingsChannel.com reports. The firm owned 28,565 shares of the construction company’s stock after selling 3,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Toll Brothers were worth $944,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TOL. Truvestments Capital LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Toll Brothers by 186.7% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after buying an additional 2,800 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Toll Brothers in the 2nd quarter valued at about $201,000. Creative Planning acquired a new position in Toll Brothers in the 2nd quarter valued at about $210,000. Finally, Toth Financial Advisory Corp acquired a new position in Toll Brothers in the 3rd quarter valued at about $231,000. 83.90% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on the stock. Raymond James reiterated a “buy” rating and issued a $44.00 price target (down previously from $50.00) on shares of Toll Brothers in a research note on Thursday, August 23rd. Mizuho set a $46.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a research note on Friday, August 31st. Evercore ISI upgraded shares of Toll Brothers to an “outperform” rating in a research note on Thursday, October 25th. They noted that the move was a valuation call. Bank of America set a $47.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a research note on Thursday, October 11th. Finally, ValuEngine upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.56.

Shares of NYSE:TOL opened at $32.97 on Monday. Toll Brothers Inc has a 12-month low of $28.68 and a 12-month high of $52.73. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. The company has a current ratio of 6.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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