Douglas Jr. Yearley Sells 45,116 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOLGet Free Report) CEO Douglas Jr. Yearley sold 45,116 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toll Brothers Price Performance

NYSE TOL opened at $157.23 on Friday. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The stock has a 50-day moving average of $148.19 and a 200 day moving average of $140.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.24 and a beta of 1.47.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Toll Brothers’s payout ratio is currently 7.14%.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Evercore set a $174.00 price objective on shares of Toll Brothers in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.60.

Check Out Our Latest Stock Analysis on TOL

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new position in shares of Toll Brothers during the 2nd quarter valued at $705,000. Asset Management One Co. Ltd. purchased a new position in shares of Toll Brothers in the second quarter valued at about $1,528,000. Envestnet Asset Management Inc. boosted its stake in shares of Toll Brothers by 4.8% in the second quarter. Envestnet Asset Management Inc. now owns 51,934 shares of the construction company’s stock worth $5,927,000 after acquiring an additional 2,398 shares during the period. Bessemer Group Inc. boosted its stake in shares of Toll Brothers by 347.3% in the second quarter. Bessemer Group Inc. now owns 1,588 shares of the construction company’s stock worth $182,000 after acquiring an additional 1,233 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in shares of Toll Brothers by 42.2% during the second quarter. Transcend Capital Advisors LLC now owns 6,425 shares of the construction company’s stock worth $733,000 after purchasing an additional 1,907 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Key Toll Brothers News

Here are the key news stories impacting Toll Brothers this week:

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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Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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