Paul E. Shapiro Sells 16,250 Shares of Toll Brothers Inc. (TOL) Stock
Toll Brothers Inc. (NYSE:TOL) Director Paul E. Shapiro sold 16,250 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $42.58, for a total value of $691,925.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Toll Brothers Inc. (TOL) traded up 0.66% during midday trading on Monday, hitting $42.76. The stock had a trading volume of 1,179,494 shares. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 15.94 and a beta of 1.50. The company’s 50 day moving average is $40.41 and its 200 day moving average is $38.60. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $43.20.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts anticipate that Toll Brothers Inc. will post $3.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s dividend payout ratio is presently 11.90%.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. M Holdings Securities Inc. increased its holdings in shares of Toll Brothers by 53.4% during the second quarter. M Holdings Securities Inc. now owns 14,483 shares of the construction company’s stock worth $572,000 after purchasing an additional 5,042 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of Toll Brothers by 13.0% during the second quarter. Lord Abbett & CO. LLC now owns 137,500 shares of the construction company’s stock worth $5,433,000 after purchasing an additional 15,800 shares during the period. Toronto Dominion Bank increased its holdings in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares during the period. Advisory Services Network LLC increased its holdings in shares of Toll Brothers by 99.9% during the second quarter. Advisory Services Network LLC now owns 6,336 shares of the construction company’s stock worth $250,000 after purchasing an additional 3,166 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Toll Brothers during the second quarter worth approximately $1,009,000. 80.69% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on TOL. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research note on Sunday, October 8th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co lowered Toll Brothers from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Toll Brothers presently has a consensus rating of “Hold” and a consensus target price of $41.00.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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