Toll Brothers, Inc. (NYSE:TOL) Director Sells $514,695.18 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $123.80 on Friday. The business has a 50-day moving average of $151.38 and a two-hundred day moving average of $139.41. The firm has a market capitalization of $12.50 billion, a PE ratio of 8.24, a P/E/G ratio of 1.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.11 EPS. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TOL shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Institutional Trading of Toll Brothers

A number of institutional investors have recently added to or reduced their stakes in TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. Allspring Global Investments Holdings LLC grew its position in Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.