Toll Brothers, Inc. (NYSE:TOL) CFO Sells $1,404,419.80 in Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Toll Brothers Trading Down 0.1 %

Shares of NYSE:TOL opened at $125.95 on Thursday. The company’s 50-day moving average price is $146.57 and its two-hundred day moving average price is $140.04. 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 one year low of $95.46 and a one year high of $169.52. The stock has a market capitalization of $12.60 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69.

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

Toll Brothers Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s payout ratio is 6.12%.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of the company. Old North State Trust LLC raised its holdings in shares of Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock valued at $320,000 after purchasing an additional 143 shares during the period. Franklin Resources Inc. raised its holdings in shares of Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after purchasing an additional 9,195 shares during the period. Peapack Gladstone Financial Corp acquired a new position in Toll Brothers in the 3rd quarter valued at about $263,000. Tidal Investments LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $258,000. Finally, Wilmington Savings Fund Society FSB grew its stake in Toll Brothers by 39.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock valued at $1,940,000 after buying an additional 3,570 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TOL shares. Bank of America boosted their price target 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. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Wells Fargo & Company boosted their price target 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 lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.53.

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.