Paul Shapiro Sells 3,965 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOLGet Free Report) Director Paul Shapiro sold 3,965 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $146.64 on Friday. The company has a fifty day moving average price of $137.62 and a 200 day moving average price of $133.95. The firm has a market cap of $13.93 billion, a PE ratio of 10.81, a PEG ratio of 1.22 and a beta of 1.43. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $150.59.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.63 EPS. Research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wiser Advisor Group LLC bought a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers during the third quarter worth approximately $28,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers during the third quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers in the third quarter valued at approximately $29,000. Finally, Smithfield Trust Co lifted its position in shares of Toll Brothers by 136.4% in the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after buying an additional 150 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup began coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group cut their price target on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group raised their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.40.

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About Toll Brothers

(Get Free Report)

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.

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