Douglas C. Jr. Yearley Sells 87,584 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Toll Brothers Trading Down 1.1 %

Shares of TOL stock opened at $142.14 on Thursday. The company has a market capitalization of $14.59 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a current ratio of 4.52, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $127.51 and its two-hundred day moving average is $122.35. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $149.77.

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

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid 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 dividend payout ratio (DPR) is 6.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TOL shares. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $124.00 in a report on Monday, June 17th. Citigroup reduced their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Argus raised their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $144.67.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Toll Brothers by 6,183.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,131 shares of the construction company’s stock worth $116,000 after purchasing an additional 1,113 shares during the period. Daiwa Securities Group Inc. purchased a new position in Toll Brothers in the fourth quarter worth $113,000. CWM LLC lifted its holdings in Toll Brothers by 57.4% in the fourth quarter. CWM LLC now owns 3,732 shares of the construction company’s stock valued at $384,000 after acquiring an additional 1,361 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Toll Brothers during the 4th quarter worth $76,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Toll Brothers during the 4th quarter worth $268,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.