Toll Brothers, Inc. (NYSE:TOL) CEO Sells $7,725,500.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) 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) 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

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

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.

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.