Toll Brothers, Inc. (NYSE:TOL) Director Sells $151,100.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Toll Brothers Price Performance

NYSE:TOL opened at $155.35 on Monday. The company has a market capitalization of $15.69 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.24 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $156.00. The business’s 50-day moving average is $139.96 and its 200 day moving average is $127.72. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

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

Toll Brothers Dividend Announcement

The firm 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. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, October 11th. Toll Brothers’s payout ratio is 6.28%.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wedbush lifted their price target on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their price target for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV grew its position in Toll Brothers by 114.5% during 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 last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Toll Brothers during the first quarter worth $34,000. Finally, Rise Advisors LLC acquired a new stake in Toll Brothers during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.