Toll Brothers (NYSE:TOL) COO Robert Parahus Sells 7,500 Shares

Toll Brothers Inc. (NYSE:TOL) COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $151.70 on Tuesday. The firm has a market cap of $14.18 billion, a P/E ratio of 11.47, a PEG ratio of 1.29 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $107.23 and a twelve month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $140.87 and a 200 day moving average of $143.09.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company earned $3.50 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TOL shares. Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Argus set a $170.00 price target on shares of Toll Brothers in a research note on Tuesday, June 2nd. Benchmark assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Truist Financial lowered their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Citigroup began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Toll Brothers by 25.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock worth $14,694,000 after acquiring an additional 21,907 shares during the last quarter. Quantbot Technologies LP bought a new stake in Toll Brothers in the 3rd quarter valued at $2,408,000. American Century Companies Inc. lifted its stake in Toll Brothers by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock worth $28,706,000 after purchasing an additional 34,432 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Toll Brothers by 30.8% during the 4th quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock valued at $5,984,000 after purchasing an additional 10,420 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new position in shares of Toll Brothers during the 3rd quarter valued at about $1,132,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.