Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 1,000 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Toll Brothers Stock Up 3.2 %

NYSE:TOL traded up $4.78 on Friday, hitting $155.40. The stock had a trading volume of 1,475,557 shares, compared to its average volume of 1,422,571. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00. The firm’s fifty day simple moving average is $139.48 and its two-hundred day simple moving average is $127.43. 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 stock has a market cap of $15.69 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating 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 company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the business posted $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% on a year-over-year basis. Analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Institutional Trading of Toll Brothers

Large investors have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC purchased a new position in Toll Brothers in the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers in the 2nd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV lifted its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in Toll Brothers during the first quarter valued at $34,000. Finally, Rise Advisors LLC bought a new stake in shares of Toll Brothers in the first quarter valued at $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their target price for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $145.67.

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.