Toll Brothers, Inc. (NYSE:TOL) Director Sells $25,659.12 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Christine Garvey also recently made the following trade(s):

• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The stock was sold at an average price of $126.77, for a total value of $2,662.17.

Toll Brothers Stock Down 0.3 %

NYSE:TOL traded down $0.33 during midday trading on Monday, hitting $126.12. 1,001,763 shares of the company were exchanged, compared to its average volume of 1,384,884. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a market capitalization of $12.62 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The company has a fifty day simple moving average of $147.43 and a 200 day simple moving average of $140.10.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Analysts Set New Price Targets

TOL has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Bank of America raised their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Hedge Funds Weigh In On Toll Brothers

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