Insider Selling: Toll Brothers Chairman Sells 2,700 Shares of Stock (TOL)
Toll Brothers (NYSE:TOL) Chairman Robert I. Toll sold 2,700 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $37.20, for a total value of $100,440.00. Following the sale, the chairman now directly owns 10,127,901 shares of the company’s stock, valued at approximately $376,757,917. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Toll Brothers (NYSE:TOL) traded down 0.63% during mid-day trading on Thursday, hitting $36.30. The stock had a trading volume of 1,377,771 shares. Toll Brothers has a 52-week low of $29.64 and a 52-week high of $39.95. The stock’s 50-day moving average is $35.11 and its 200-day moving average is $35.77. The company has a market cap of $6.464 billion and a P/E ratio of 26.22.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 66.7% on a year-over-year basis. Analysts expect that Toll Brothers will post $1.75 EPS for the current fiscal year.
TOL has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.57.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.
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