Paul E. Shapiro Sells 3,837 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $125.72 on Thursday. The stock’s 50-day simple moving average is $151.88 and its two-hundred day simple moving average is $139.51. Toll Brothers, Inc. has a twelve month low of $95.46 and a twelve month high of $169.52. The firm has a market capitalization of $12.69 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.00 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.11 earnings per share. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TOL shares. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Oppenheimer restated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOL. Envestnet Portfolio Solutions Inc. bought a new stake in Toll Brothers during the second quarter worth about $274,000. Brookstone Capital Management lifted its position in Toll Brothers by 15.4% in the 2nd quarter. Brookstone Capital Management now owns 2,001 shares of the construction company’s stock worth $230,000 after buying an additional 267 shares during the last quarter. Raymond James & Associates boosted its stake in Toll Brothers by 7.7% in the second quarter. Raymond James & Associates now owns 227,276 shares of the construction company’s stock worth $26,178,000 after buying an additional 16,198 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Toll Brothers by 73.8% during the second quarter. Nisa Investment Advisors LLC now owns 43,981 shares of the construction company’s stock valued at $5,066,000 after acquiring an additional 18,682 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Toll Brothers by 16.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,139 shares of the construction company’s stock worth $12,801,000 after acquiring an additional 15,421 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other 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.