Toll Brothers Inc. (TOL) Shares Down NaN After Insider Selling

Toll Brothers Inc. (NYSE:TOL) shares traded down NaN on Thursday following insider selling activity. The company traded as low as $43.22 and last traded at $0.00. 7,956,993 shares traded hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares. Specifically, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now owns 114,149 shares of the company’s stock, valued at $4,562,535.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Richard T. Hartman sold 8,537 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the transaction, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The disclosure for this sale can be found here. In the last three months, insiders sold 52,187 shares of company stock valued at $2,184,490. Company insiders own 8.78% of the company’s stock.

Several research analysts have recently issued reports on the company. KeyCorp raised Toll Brothers from a “sector weight” rating to an “overweight” rating and increased their price target for the stock from $44.55 to $52.00 in a research note on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 target price on shares of Toll Brothers in a research note on Thursday, August 24th. UBS Group AG (USA) assumed coverage on Toll Brothers in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Toll Brothers in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Toll Brothers presently has a consensus rating of “Hold” and a consensus target price of $42.93.

The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84. The company has a market cap of $7,162.95, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.94 and a beta of 1.55.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. Toll Brothers’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. equities research analysts anticipate that Toll Brothers Inc. will post 3.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s dividend payout ratio is currently 11.90%.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Toll Brothers by 1.8% in the second quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares during the period. Vanguard Group Inc. increased its position in Toll Brothers by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares during the period. FMR LLC increased its position in Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after buying an additional 1,067,193 shares during the period. State Street Corp increased its position in Toll Brothers by 0.9% in the second quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after buying an additional 53,781 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Toll Brothers by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,275,515 shares of the construction company’s stock worth $208,429,000 after buying an additional 13,552 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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About Toll Brothers

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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