Toll Brothers (NYSE:TOL) CEO Douglas Jr. Yearley Sells 45,116 Shares

Toll Brothers Inc. (NYSE:TOL) CEO Douglas Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Toll Brothers Stock Up 1.1%

TOL stock opened at $158.82 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The company has a fifty day moving average of $147.84 and a 200-day moving average of $140.39. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The stock has a market capitalization of $15.05 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. As a group, analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is presently 7.14%.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Oppenheimer restated an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company raised their price objective on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.60.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the business. Greenhaven Associates Inc. lifted its holdings in shares of Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after buying an additional 22,218 shares during the last quarter. Capital World Investors raised its stake in Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after acquiring an additional 1,763,211 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Toll Brothers by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock worth $400,745,000 after acquiring an additional 39,987 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Toll Brothers by 83.1% in the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after buying an additional 1,183,304 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.