Toll Brothers, Inc. (NYSE:TOL – Get Free Report) CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at approximately $38,068,482.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Toll Brothers Price Performance
Shares of Toll Brothers stock traded up $4.78 on Friday, hitting $155.40. The company’s stock had a trading volume of 1,475,557 shares, compared to its average volume of 1,422,571. 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 $15.69 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The firm has a fifty day moving average price of $139.48 and a 200-day moving average price of $127.43. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its 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. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.73 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.
Toll Brothers Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the 2nd quarter valued at about $29,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV increased its holdings 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. Finally, Rise Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at approximately $35,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TOL. Oppenheimer lifted their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and increased their price target for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Bank of America increased their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada raised their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.
Check Out Our Latest Report on TOL
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.
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