Toll Brothers Inc (TOL) CFO Sells $437,372.00 in Stock

Toll Brothers Inc (NYSE:TOL) CFO Martin P. Connor sold 8,450 shares of Toll Brothers stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $51.76, for a total transaction of $437,372.00. Following the completion of the sale, the chief financial officer now owns 55,357 shares of the company’s stock, valued at $2,865,278.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Toll Brothers Inc (NYSE:TOL) traded up $0.66 during mid-day trading on Tuesday, reaching $52.54. 1,387,300 shares of the company were exchanged, compared to its average volume of 1,992,393. Toll Brothers Inc has a fifty-two week low of $30.67 and a fifty-two week high of $52.54. The company has a market capitalization of $8,180.00, a price-to-earnings ratio of 16.52, a P/E/G ratio of 0.97 and a beta of 1.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $0.67 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. equities analysts anticipate that Toll Brothers Inc will post 3.9 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 10.06%.

A number of research firms have issued reports on TOL. Credit Suisse Group reiterated a “neutral” rating and issued a $56.00 target price (up from $45.00) on shares of Toll Brothers in a research note on Monday. They noted that the move was a valuation call. Mizuho set a $58.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research note on Thursday, January 18th. UBS Group restated a “buy” rating and issued a $58.00 price objective (up from $53.00) on shares of Toll Brothers in a research note on Wednesday, January 17th. Wedbush boosted their price objective on shares of Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Finally, Argus set a $55.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Toll Brothers has a consensus rating of “Hold” and an average target price of $50.56.

Institutional investors have recently made changes to their positions in the business. Aviance Capital Management LLC bought a new stake in Toll Brothers in the 2nd quarter valued at $151,000. Toronto Dominion Bank increased its holdings in Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after buying an additional 192 shares during the period. Tower Research Capital LLC TRC increased its holdings in Toll Brothers by 381.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock valued at $168,000 after buying an additional 3,361 shares during the period. Gamco Investors INC. ET AL bought a new stake in Toll Brothers in the 3rd quarter valued at $207,000. Finally, Charter Trust Co. bought a new stake in Toll Brothers in the 4th quarter valued at $210,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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