Toll Brothers, Inc. (NYSE:TOL) Short Interest Update

Toll Brothers, Inc. (NYSE:TOL) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 2,240,000 shares, a decline of 13.8% from the May 31st total of 2,600,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 1.7 days.

Toll Brothers Stock Performance

TOL traded down $2.85 during mid-day trading on Monday, reaching $112.33. 1,327,463 shares of the company traded hands, compared to its average volume of 1,384,704. The company’s fifty day moving average price is $121.22 and its 200-day moving average price is $113.93. The stock has a market capitalization of $11.53 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.94 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52-week low of $68.08 and a 52-week high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 EPS. On average, sell-side analysts expect that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.82%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of analyst reports. Raymond James reissued a “strong-buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Oppenheimer lifted their price target on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods lifted their target price on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Finally, UBS Group lifted their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.07.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders sold a total of 21,670 shares of company stock valued at $2,586,315 over the last 90 days. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its stake in Toll Brothers by 28.9% during the 1st quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock worth $54,000 after acquiring an additional 94 shares during the period. Venturi Wealth Management LLC increased its stake in Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC raised its holdings in Toll Brothers by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after buying an additional 106 shares during the period. Baker Avenue Asset Management LP lifted its position in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. Finally, Gratus Wealth Advisors LLC increased its position in Toll Brothers by 4.1% during the first quarter. Gratus Wealth Advisors LLC now owns 4,758 shares of the construction company’s stock valued at $616,000 after acquiring an additional 188 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

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.