Insider Selling: Toll Brothers CEO Sells 5,000 Shares of Stock (TOL)
Toll Brothers (NYSE:TOL) CEO Douglas Jr. Yearley sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, September 19th. The shares were sold at an average price of $34.79, for a total value of $173,950.00. Following the sale, the chief executive officer now directly owns 46,852 shares of the company’s stock, valued at approximately $1,629,981. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TOL has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of Toll Brothers (NYSE:TOL) from $42.00 to $39.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.15.
Toll Brothers (NYSE:TOL) traded down 1.24% on Monday, hitting $32.62. 3,213,600 shares of the company’s stock traded hands. Toll Brothers has a 52-week low of $28.50 and a 52-week high of $39.25. The stock’s 50-day moving average is $31.83 and its 200-day moving average is $33.31. The company has a market cap of $5.509 billion and a P/E ratio of 11.98.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, analysts predict that Toll Brothers will post $0.82 earnings per share 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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