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 stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value 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 Stock Up 3.6 %

Shares of NYSE:TOL traded up $4.01 during mid-day trading on Tuesday, hitting $114.56. 2,810,238 shares of the company traded hands, compared to its average volume of 1,801,106. The stock has a 50-day moving average price of $128.09 and a two-hundred day moving average price of $141.38. Toll Brothers, Inc. has a 12-month low of $108.86 and a 12-month high of $169.52. The stock has a market cap of $11.44 billion, a P/E ratio of 7.88, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.33%.

Analyst Ratings Changes

TOL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Oppenheimer dropped their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Barclays decreased their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Institutional Trading of Toll Brothers

A number of hedge funds have recently bought and sold shares of TOL. ORG Partners LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Toll Brothers during the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the third quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $27,000. Finally, Larson Financial Group LLC increased its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

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.