Toll Brothers (NYSE:TOL) Shares Gap Down to $36.91

Toll Brothers Inc (NYSE:TOL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $38.12, but opened at $36.91. Toll Brothers shares last traded at $35.26, with a volume of 5,861,515 shares.

Several brokerages recently issued reports on TOL. ValuEngine downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. JMP Securities reissued a “hold” rating on shares of Toll Brothers in a research note on Wednesday. Wells Fargo & Co downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Thursday. Raymond James reissued a “hold” rating on shares of Toll Brothers in a research note on Wednesday. Finally, Bank of America set a $39.00 price objective on Toll Brothers and gave the stock a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Toll Brothers has an average rating of “Hold” and an average target price of $36.37.

The stock has a 50 day moving average price of $36.03 and a two-hundred day moving average price of $36.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68. The company has a market capitalization of $5.31 billion, a PE ratio of 7.42, a P/E/G ratio of 1.10 and a beta of 0.98.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. Toll Brothers had a return on equity of 14.34% and a net margin of 9.57%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business earned $1.26 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that Toll Brothers Inc will post 3.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, July 11th. Toll Brothers’s dividend payout ratio is 9.34%.

In other news, Director Carl B. Marbach sold 3,000 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $35.14, for a total transaction of $105,420.00. Following the transaction, the director now owns 85,463 shares of the company’s stock, valued at approximately $3,003,169.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward G. Boehne sold 17,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $37.01, for a total value of $629,170.00. Following the transaction, the director now directly owns 64,304 shares in the company, valued at approximately $2,379,891.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,200 shares of company stock worth $742,192. 9.69% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC increased its holdings in shares of Toll Brothers by 0.5% during the 1st quarter. Mason Street Advisors LLC now owns 71,344 shares of the construction company’s stock valued at $2,583,000 after acquiring an additional 330 shares during the last quarter. Commerce Bank increased its holdings in shares of Toll Brothers by 3.1% during the 2nd quarter. Commerce Bank now owns 11,266 shares of the construction company’s stock valued at $412,000 after acquiring an additional 337 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Toll Brothers by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,530 shares of the construction company’s stock valued at $679,000 after buying an additional 345 shares during the last quarter. MML Investors Services LLC grew its holdings in Toll Brothers by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 23,230 shares of the construction company’s stock valued at $851,000 after buying an additional 349 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Toll Brothers by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock valued at $272,000 after buying an additional 350 shares during the last quarter. 82.10% of the stock is currently owned by institutional investors and hedge funds.

About Toll Brothers (NYSE:TOL)

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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