Insider Selling: Toll Brothers Inc (TOL) CEO Sells 20,000 Shares of Stock
Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 20,000 shares of Toll Brothers stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $49.83, for a total value of $996,600.00. Following the sale, the chief executive officer now owns 231,785 shares of the company’s stock, valued at approximately $11,549,846.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Toll Brothers Inc (NYSE TOL) traded up $0.56 during trading hours on Friday, reaching $50.69. The company had a trading volume of 518,912 shares, compared to its average volume of 2,438,567. The company has a market cap of $8,020.00, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.57. Toll Brothers Inc has a one year low of $30.44 and a one year high of $51.08. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. research analysts anticipate that Toll Brothers Inc will post 3.69 EPS for the current fiscal year.
A number of analysts have recently issued reports on TOL shares. JPMorgan Chase & Co. downgraded Toll Brothers from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 14th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research report on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price target on shares of Toll Brothers in a research report on Sunday, October 8th. Finally, Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.63.
Institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in Toll Brothers by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock worth $13,674,000 after purchasing an additional 16,441 shares during the period. Lyell Wealth Management LP increased its stake in Toll Brothers by 3.0% in the 3rd quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after purchasing an additional 2,625 shares during the period. Toronto Dominion Bank increased its stake in Toll Brothers by 118.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after purchasing an additional 4,628 shares during the period. Principal Financial Group Inc. increased its stake in Toll Brothers by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock worth $25,170,000 after purchasing an additional 36,729 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Toll Brothers by 9.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,280 shares of the construction company’s stock worth $54,794,000 after purchasing an additional 117,142 shares during the period. 82.48% of the stock is currently owned by institutional investors and hedge funds.
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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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