Toll Brothers Sees Unusually High Options Volume (NYSE:TOL)

Toll Brothers Inc (NYSE:TOL) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 9,407 call options on the stock. This represents an increase of approximately 1,281% compared to the average volume of 681 call options.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 46,875 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.30, for a total value of $1,795,312.50. Following the completion of the transaction, the chief executive officer now directly owns 345,273 shares in the company, valued at $13,223,955.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael J. Grubb sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $40.96, for a total value of $40,960.00. Following the completion of the transaction, the chief accounting officer now owns 2,283 shares of the company’s stock, valued at $93,511.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,008 shares of company stock worth $6,113,365. 9.69% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Toll Brothers by 1,872.3% during the third quarter. Millennium Management LLC now owns 98,614 shares of the construction company’s stock valued at $4,048,000 after purchasing an additional 93,614 shares in the last quarter. Man Group plc grew its position in Toll Brothers by 853.8% in the 3rd quarter. Man Group plc now owns 375,625 shares of the construction company’s stock valued at $15,419,000 after buying an additional 336,245 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Toll Brothers during the 3rd quarter valued at about $6,288,000. Penserra Capital Management LLC increased its stake in Toll Brothers by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,660 shares of the construction company’s stock valued at $109,000 after buying an additional 532 shares during the period. Finally, Pictet Asset Management Ltd. raised its position in shares of Toll Brothers by 10.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 606,302 shares of the construction company’s stock worth $24,889,000 after buying an additional 59,816 shares in the last quarter. 84.39% of the stock is owned by institutional investors.

TOL has been the topic of several recent research reports. Zacks Investment Research raised Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a report on Monday, August 26th. JMP Securities restated a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Susquehanna Bancshares lowered Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Monday, October 14th. Goldman Sachs Group began coverage on Toll Brothers in a research note on Friday. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Seaport Global Securities initiated coverage on shares of Toll Brothers in a report on Friday, August 23rd. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.75.

Shares of TOL stock opened at $41.42 on Tuesday. Toll Brothers has a 12-month low of $30.51 and a 12-month high of $41.70. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. The business has a 50 day simple moving average of $40.23 and a 200 day simple moving average of $37.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.43 and a quick ratio of 1.21.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.12. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $2.08 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that Toll Brothers will post 3.91 EPS for the current fiscal year.

About Toll Brothers

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

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