Douglas Jr. Yearley Sells 77,957 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL) Chairman Douglas Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Price Performance

NYSE TOL opened at $155.66 on Friday. The company has a 50 day simple moving average of $140.64 and a 200-day simple moving average of $142.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.29 and a beta of 1.36. Toll Brothers Inc. has a 52-week low of $105.65 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. Equities research analysts predict that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TOL shares. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. Truist Financial reduced their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Argus set a $170.00 price objective on Toll Brothers in a research report on Tuesday, June 2nd. Weiss Ratings downgraded Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Finally, Evercore reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOL. Sivia Capital Partners LLC acquired a new position in Toll Brothers during the second quarter worth $705,000. Brown Advisory Inc. raised its stake in shares of Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after acquiring an additional 186 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after purchasing an additional 340 shares during the last quarter. Sei Investments Co. lifted its holdings in Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after purchasing an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Toll Brothers by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.