Toll Brothers (NYSE:TOL) Shares Gap Down – Time to Sell?

Toll Brothers, Inc. (NYSE:TOL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $156.47, but opened at $147.60. Toll Brothers shares last traded at $146.44, with a volume of 716,574 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on TOL shares. Oppenheimer upped their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $150.33.

Toll Brothers Stock Down 5.7 %

The stock has a 50-day moving average of $154.10 and a 200 day moving average of $138.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a market cap of $14.89 billion, a P/E ratio of 10.09, a PEG ratio of 1.16 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm earned $4.11 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers, Inc. will post 13.52 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is presently 6.34%.

Insider Activity

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now owns 296,382 shares of the company’s stock, valued at approximately $45,361,265.10. This trade represents a 7.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,000 shares of company stock worth $16,435,800. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. UMB Bank n.a. raised its position in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.