Toll Brothers, Inc. (NYSE:TOL) Short Interest Update

Toll Brothers, Inc. (NYSE:TOL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 3,770,000 shares, a growth of 52.6% from the June 30th total of 2,470,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is currently 2.7 days. Approximately 3.7% of the company’s stock are short sold.

Analyst Ratings Changes

TOL has been the subject of a number of research analyst reports. Raymond James reissued a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Argus boosted their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Citigroup dropped their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 20,170 shares of company stock valued at $2,407,335 in the last quarter. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after purchasing an additional 82 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after buying an additional 90 shares during the period. Diversified Trust Co lifted its holdings in Toll Brothers by 1.7% in the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after buying an additional 100 shares during the period. Venturi Wealth Management LLC lifted its holdings in Toll Brothers by 35.7% in the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after buying an additional 105 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Toll Brothers by 13.8% in the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after buying an additional 106 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Toll Brothers stock traded up $1.82 during trading hours on Monday, hitting $141.27. 559,398 shares of the stock were exchanged, compared to its average volume of 1,390,141. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The stock has a market capitalization of $14.50 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.13 and a beta of 1.67. Toll Brothers has a 12 month low of $68.08 and a 12 month high of $142.26. The business’s 50-day moving average is $120.77 and its two-hundred day moving average is $116.80.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. Toll Brothers’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts expect that Toll Brothers will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. Toll Brothers’s payout ratio is 6.28%.

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.