Douglas C. Jr. Yearley Sells 25,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Toll Brothers Stock Down 0.1 %

Shares of NYSE:TOL opened at $153.34 on Wednesday. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $154.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company has a market capitalization of $15.74 billion, a PE ratio of 10.47, a PEG ratio of 1.23 and a beta of 1.67. The company has a 50 day moving average price of $138.65 and a two-hundred day moving average price of $127.10.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the business earned $3.73 EPS. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts forecast that Toll Brothers, Inc. will post 13.31 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.60%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TOL shares. Bank of America upped their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI upped their price objective on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and lifted their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Argus upped their price target on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Oppenheimer lifted their price objective on Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers in the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers during the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Toll Brothers during the 1st quarter worth about $34,000. Finally, Rise Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter valued at about $35,000. Institutional investors own 91.76% of the company’s stock.

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.