Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey Sells 420 Shares

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 420 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Christine Garvey also recently made the following trade(s):

• On Monday, December 30th, Christine Garvey sold 204 shares of Toll Brothers stock. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12.
• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The stock was sold at an average price of $126.77, for a total transaction of $2,662.17.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $114.56 on Wednesday. Toll Brothers, Inc. has a twelve month low of $108.86 and a twelve month high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 1.02 and a beta of 1.76. The firm has a 50-day moving average of $128.09 and a two-hundred day moving average of $141.38.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. As a group, analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.80%. Toll Brothers’s payout ratio is 6.33%.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently made changes to their positions in TOL. Fiduciary Alliance LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $1,117,000. Franklin Resources Inc. lifted its holdings in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $12,506,000. Chartwell Investment Partners LLC increased its stake in Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares during the period. Finally, Avior Wealth Management LLC increased its stake in Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares during the period. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TOL shares. The Goldman Sachs Group reduced their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday. Evercore ISI raised their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays decreased their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Bank of America decreased their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

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.