Toll Brothers, Inc. (NYSE:TOL) CFO Sells $777,200.00 in Stock

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

Toll Brothers Stock Up 3.2 %

Shares of TOL traded up $4.78 during trading hours on Friday, reaching $155.40. 1,475,557 shares of the stock traded hands, compared to its average volume of 1,422,571. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $156.00. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $139.48 and a 200 day simple moving average of $127.43. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.24 and a beta of 1.67.

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

Toll Brothers Announces Dividend

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

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Register Financial Advisors LLC purchased a new stake in Toll Brothers during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers during the 2nd quarter valued at approximately $29,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers during the 1st quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Finally, Rise Advisors LLC purchased a new position in Toll Brothers in the first quarter valued at approximately $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus upped their target price on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Oppenheimer boosted their target price on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Barclays increased their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

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.