Christine Garvey Sells 420 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Christine Garvey also recently made the following trade(s):

• On Monday, December 30th, Christine Garvey sold 204 shares of Toll Brothers stock. The stock was sold at an average price of $125.78, for a total value of $25,659.12.
• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The stock was sold at an average price of $126.77, for a total value of $2,662.17.

Toll Brothers Stock Down 1.8 %

Shares of NYSE:TOL opened at $112.55 on Thursday. The firm has a market cap of $11.24 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12-month low of $108.86 and a 12-month high of $169.52. The business has a fifty day simple moving average of $127.73 and a 200 day simple moving average of $141.29.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.82%. Toll Brothers’s payout ratio is currently 6.33%.

Institutional Trading of Toll Brothers

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Larson Financial Group LLC grew its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. ORG Partners LLC acquired a new stake in Toll Brothers during the 4th quarter worth about $25,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the 4th quarter worth about $27,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on TOL. Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada cut their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, UBS Group cut their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

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.