Toll Brothers, Inc. (NYSE:TOL) CEO Sells $3,826,250.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Toll Brothers Stock Down 2.0 %

Shares of NYSE TOL opened at $150.29 on Thursday. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $154.62. The business has a 50-day simple moving average of $139.09 and a two-hundred day simple moving average of $127.27. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.17 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.24 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $3.73 EPS. Research analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio is 6.28%.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Citigroup reduced their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Evercore ISI boosted their price target on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Argus boosted their price target on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of TOL. Register Financial Advisors LLC purchased a new position in shares of Toll Brothers during the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers in the 2nd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its stake in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new position in Toll Brothers in the 1st quarter worth approximately $34,000. Finally, Rise Advisors LLC purchased a new position in Toll Brothers in the 1st quarter worth approximately $35,000. 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.