Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 1,000 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director John A. Mclean sold 1,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Toll Brothers Stock Up 3.1 %

Shares of NYSE:TOL opened at $155.35 on Friday. The stock has a 50-day simple moving average of $139.96 and a 200-day simple moving average of $127.68. The stock has a market capitalization of $15.69 billion, a P/E ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.67. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts forecast that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.28%.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Toll Brothers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares during the period. Bank of Nova Scotia purchased a new position in shares of Toll Brothers in the fourth quarter valued at $18,792,000. Finally, Anchor Capital Advisors LLC acquired a new stake in Toll Brothers during the 2nd quarter valued at $17,740,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Citigroup decreased their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada upped their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.67.

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.