Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 1,500 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $117.86 on Tuesday. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The stock has a 50 day moving average price of $116.38 and a 200-day moving average price of $98.15. Toll Brothers, Inc. has a one year low of $59.46 and a one year high of $130.63.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is 7.11%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new position in Toll Brothers in the 1st quarter valued at $34,000. Rise Advisors LLC bought a new stake in shares of Toll Brothers during the first quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Toll Brothers during the fourth quarter worth $36,000. Hobbs Group Advisors LLC bought a new stake in shares of Toll Brothers during the fourth quarter worth $39,000. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Toll Brothers during the second quarter worth $36,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TOL. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research report on Monday, January 8th. Citigroup lifted their target price on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Wedbush reissued a “neutral” rating and set a $87.00 price target on shares of Toll Brothers in a report on Wednesday, February 21st. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Seaport Res Ptn downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.80.

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.