Insider Selling: Toll Brothers, Inc. (NYSE:TOL) CFO Sells $463,723.04 in Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 3,806 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Toll Brothers Price Performance

Shares of TOL opened at $119.32 on Friday. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock has a fifty day moving average price of $121.43 and a 200 day moving average price of $111.88. The company has a market cap of $12.25 billion, a P/E ratio of 8.15, a PEG ratio of 0.97 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. Toll Brothers’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. On average, research analysts forecast that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TOL shares. Barclays increased their price objective on shares of Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $127.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in Toll Brothers in the first quarter worth about $26,000. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers in the 1st quarter worth approximately $34,000. Rise Advisors LLC acquired a new stake in Toll Brothers during the first quarter valued at approximately $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Toll Brothers during the fourth quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC grew its position in Toll Brothers by 35.7% in the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after buying an additional 105 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.