Toll Brothers, Inc. (NYSE:TOL) CFO Sells $1,404,419.80 in Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Toll Brothers Stock Performance

NYSE:TOL traded down $0.33 during trading hours on Monday, reaching $126.12. 1,001,763 shares of the company’s stock were exchanged, compared to its average volume of 1,384,884. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.00 and a beta of 1.69. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The company has a 50-day moving average of $147.43 and a 200 day moving average of $140.10.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 earnings per share. Research analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of analyst reports. Bank of America increased their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Toll Brothers in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.