Insider Selling: Toll Brothers Inc (TOL) CEO Sells 10,000 Shares of Stock
Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Toll Brothers Inc (NYSE TOL) traded down $1.53 during trading hours on Wednesday, reaching $50.57. The company’s stock had a trading volume of 3,060,335 shares, compared to its average volume of 2,396,329. Toll Brothers Inc has a 52 week low of $30.44 and a 52 week high of $52.40. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71. The stock has a market cap of $8,000.00, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.30 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Toll Brothers’s quarterly revenue was up 9.3% on a year-over-year basis. analysts anticipate that Toll Brothers Inc will post 3.69 earnings per share for the current year.
A number of analysts have commented on the company. Wedbush lifted their price target on Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Argus set a $55.00 price target on Toll Brothers and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada lifted their price objective on Toll Brothers to $57.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Mizuho set a $52.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $52.00 price objective (up previously from $43.00) on shares of Toll Brothers in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $48.63.
A number of large investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its holdings in shares of Toll Brothers by 5.2% during the 2nd 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 last quarter. Veritable L.P. boosted its holdings in shares of Toll Brothers by 0.9% during the 2nd quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after purchasing an additional 237 shares during the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Toll Brothers by 3.1% during the 2nd quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after purchasing an additional 365 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Toll Brothers by 1.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,280 shares of the construction company’s stock worth $1,750,000 after purchasing an additional 698 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Toll Brothers by 5.6% during the 2nd quarter. M&T Bank Corp now owns 14,389 shares of the construction company’s stock worth $569,000 after purchasing an additional 765 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.
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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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