Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor Sells 16,194 Shares

Toll Brothers, Inc. (NYSE:TOLGet Free Report) CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Toll Brothers Stock Up 0.6 %

Toll Brothers stock opened at $120.84 on Friday. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $135.37. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. The firm’s fifty day moving average price is $121.55 and its two-hundred day moving average price is $111.45. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business posted $2.85 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Oppenheimer upped their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Royal Bank of Canada upped their price objective on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Argus upped their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $124.75.

Get Our Latest Analysis on TOL

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Toll Brothers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Toll Brothers by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after purchasing an additional 14,449 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Toll Brothers by 6.0% in the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock valued at $182,484,000 after purchasing an additional 139,004 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Toll Brothers by 12.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after purchasing an additional 225,354 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Toll Brothers by 0.7% in the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock valued at $132,016,000 after purchasing an additional 12,520 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Company Profile

(Get Free Report)

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

Further Reading

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

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