Insider Selling: Toll Brothers Director Unloads 34,000 Shares of Stock (TOL)
Toll Brothers (NYSE:TOL) Director Edward G. Boehne sold 34,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $36.01, for a total value of $1,224,340.00. Following the transaction, the director now directly owns 37,150 shares of the company’s stock, valued at approximately $1,337,772. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on TOL. Analysts at RBC Capital cut their price target on shares of Toll Brothers from $42.00 to $40.00 in a research note on Friday, May 30th. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Toll Brothers from $40.00 to $41.00 in a research note on Thursday, May 29th. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Toll Brothers in a research note on Thursday, May 29th. They now have a $3.00 price target on the stock, down previously from $40.00. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.57.
Toll Brothers (NYSE:TOL) traded up 1.31% during mid-day trading on Thursday, hitting $36.44. 963,336 shares of the company’s stock traded hands. Toll Brothers has a 52 week low of $29.64 and a 52 week high of $39.95. The stock has a 50-day moving average of $34.78 and a 200-day moving average of $35.65. The company has a market cap of $6.489 billion and a price-to-earnings ratio of 25.82. Toll Brothers also was the target of unusually large options trading activity on Tuesday. Traders acquired 3,109 put options on the stock. This is an increase of approximately 209% compared to the typical volume of 1,005 put options.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.09. The company had revenue of $860.40 million for the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 66.7% on a year-over-year basis. On average, analysts predict that Toll Brothers will post $1.74 earnings per share for the current fiscal year.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.
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