Martin P. Connor Sells 5,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $155.35 on Friday. The company has a market capitalization of $15.69 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company’s fifty day moving average price is $139.96 and its 200 day moving average price is $127.68. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the firm earned $3.73 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Oppenheimer upped their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup lowered their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Wedbush lifted their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Wells Fargo & Company MN raised its position in Toll Brothers by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock worth $23,384,000 after acquiring an additional 27,181 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Toll Brothers by 29.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock worth $549,000 after purchasing an additional 1,218 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Toll Brothers by 51.2% in the 4th quarter. Advisory Services Network LLC now owns 4,416 shares of the construction company’s stock worth $454,000 after buying an additional 1,496 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Toll Brothers in the 4th quarter worth about $540,000. Finally, Bank of Nova Scotia purchased a new stake in Toll Brothers during the 4th quarter worth approximately $18,792,000. Hedge funds and other 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.