Insider Selling: Carl Marbach Unloads 3,000 Shares of Toll Brothers Stock (TOL)
Toll Brothers (NYSE:TOL) Director Carl Marbach sold 3,000 shares of the stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.67, for a total value of $95,010.00. Following the completion of the transaction, the director now directly owns 100,444 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
TOL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Toll Brothers (NYSE:TOL) in a research note to investors on Wednesday, September 4th. They now have a $32.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Toll Brothers (NYSE:TOL) from $44.00 to $38.00 in a research note to investors on Friday, August 23rd. They now have a “strong-buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Toll Brothers (NYSE:TOL) from $29.00 to $30.00 in a research note to investors on Thursday, August 22nd. They now have a “sector perform” rating on the stock.
Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.00.
Shares of Toll Brothers (NYSE:TOL) traded down 0.66% during mid-day trading on Tuesday, hitting $31.66. The stock had a trading volume of 1,765,531 shares. Toll Brothers has a 1-year low of $28.50 and a 1-year high of $39.25. The stock’s 50-day moving average is $31.76 and its 200-day moving average is $33.39. The company has a market cap of $5.359 billion and a price-to-earnings ratio of 11.57.
Toll Brothers (NYSE:TOL) last released its earnings data on Wednesday, August 21st. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26. The company had revenue of $689.20 million for the quarter, compared to the consensus estimate of $695.82 million. During the same quarter last year, the company posted $0.36 earnings per share. Toll Brothers’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Toll Brothers will post $0.82 EPS for the current fiscal year.
Toll Brothers, Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.
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