Insider Selling: Toll Brothers, Inc. (NYSE:TOL) CEO Sells 25,000 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the sale, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toll Brothers Stock Down 0.1 %

Shares of TOL opened at $153.34 on Wednesday. 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 market capitalization of $15.74 billion, a PE ratio of 10.47, a P/E/G ratio of 1.23 and a beta of 1.67. The firm’s 50 day moving average is $138.65 and its 200-day moving average is $127.10. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $154.62.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company posted $3.73 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced 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. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Analysts Set New Price Targets

TOL has been the topic of a number of research analyst reports. Argus upped their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Oppenheimer increased their price target on Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Toll Brothers during the 4th quarter worth $18,792,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of Toll Brothers during the 2nd quarter worth $17,740,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.