Douglas C. Jr. Yearley Sells 50,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $155.35 on Friday. The business has a 50-day simple moving average of $139.96 and a 200 day simple moving average of $127.68. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $156.00.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company posted $3.73 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid 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 is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Analyst Upgrades and Downgrades

TOL has been the topic of several analyst reports. Oppenheimer boosted their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Barclays lifted their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Citigroup decreased 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 report on Tuesday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in Toll Brothers by 13.6% during the 4th quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock worth $23,384,000 after purchasing an additional 27,181 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Toll Brothers by 29.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock valued at $549,000 after buying an additional 1,218 shares during the last quarter. Advisory Services Network LLC lifted its stake in Toll Brothers by 51.2% during the 4th quarter. Advisory Services Network LLC now owns 4,416 shares of the construction company’s stock valued at $454,000 after acquiring an additional 1,496 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Toll Brothers during the 4th quarter worth $540,000. Finally, Bank of Nova Scotia bought a new stake in shares of Toll Brothers in the 4th quarter worth $18,792,000. 91.76% of the stock is owned by 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.