Toll Brothers, Inc. (NYSE:TOL) Director Sells $46,443.60 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Christine Garvey also recently made the following trade(s):

• On Monday, December 30th, Christine Garvey sold 204 shares of Toll Brothers stock. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12.
• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The shares were sold at an average price of $126.77, for a total transaction of $2,662.17.

Toll Brothers Price Performance

Shares of TOL opened at $110.66 on Friday. The stock has a market capitalization of $11.05 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a twelve month low of $108.86 and a twelve month high of $169.52. The company has a 50 day moving average of $127.20 and a 200-day moving average of $140.87. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in TOL. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the third quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers in the third quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers in the fourth quarter valued at $27,000. Finally, Larson Financial Group LLC grew its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of analyst reports. UBS Group cut their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada cut their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group cut their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

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.