Toll Brothers Inc. (TOL) CFO Martin P. Connor Sells 5,000 Shares
Toll Brothers Inc. (NYSE:TOL) CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $43.45, for a total value of $217,250.00. Following the transaction, the chief financial officer now owns 37,836 shares of the company’s stock, valued at approximately $1,643,974.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Toll Brothers Inc. (TOL) traded up 0.66% during trading on Monday, reaching $44.50. The company had a trading volume of 104,482 shares. The firm has a market capitalization of $7.04 billion, a PE ratio of 16.59 and a beta of 1.50. Toll Brothers Inc. has a 12-month low of $26.65 and a 12-month high of $44.54. The firm’s 50 day moving average price is $41.09 and its 200 day moving average price is $38.82.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (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 quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that Toll Brothers Inc. will post $3.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, October 12th. Toll Brothers’s dividend payout ratio is currently 11.90%.
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A number of hedge funds have recently modified their holdings of TOL. Koch Industries Inc. purchased a new stake in Toll Brothers in the second quarter worth approximately $1,177,000. FMR LLC boosted its holdings in Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after purchasing an additional 1,067,193 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Toll Brothers by 7.2% in the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after purchasing an additional 815,737 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Toll Brothers by 154.8% in the first quarter. AQR Capital Management LLC now owns 787,120 shares of the construction company’s stock worth $28,423,000 after purchasing an additional 478,155 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Toll Brothers by 42.9% in the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after purchasing an additional 430,220 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.
A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research note on Monday, September 25th. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of Toll Brothers in a research note on Friday. Finally, Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.58.
About Toll Brothers
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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