Martin P. Connor Sells 5,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Toll Brothers Trading Up 3.1 %

Shares of TOL stock opened at $155.35 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a fifty day moving average price of $139.96 and a 200-day moving average price of $127.72. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.67. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $3.73 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TOL shares. Barclays upped their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Citigroup decreased their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Wedbush boosted their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Wells Fargo & Company raised their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Argus boosted their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Institutional Trading of Toll Brothers

Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers in the 2nd quarter worth $29,000. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers in the 1st quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its position 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 valued at $31,000 after buying an additional 142 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter valued at about $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.