Toll Brothers Inc (NYSE:TOL) CAO Joseph R. Sicree sold 4,500 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $51.48, for a total transaction of $231,660.00. Following the completion of the sale, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at approximately $1,245,661.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Toll Brothers Inc (TOL) opened at $50.57 on Thursday. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers Inc has a fifty-two week low of $30.44 and a fifty-two week high of $52.40. The company has a market cap of $8,000.00, a P/E ratio of 15.90, a PEG ratio of 1.30 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. research analysts anticipate that Toll Brothers Inc will post 3.69 earnings per share for the current year.
TOL has been the subject of several analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo & Co reissued an “outperform” rating and issued a $54.00 price target (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Finally, Wedbush increased their price target on shares of Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.63.
Several hedge funds have recently modified their holdings of TOL. California Public Employees Retirement System lifted its holdings in Toll Brothers by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock worth $13,674,000 after buying an additional 16,441 shares in the last quarter. Lyell Wealth Management LP lifted its holdings in Toll Brothers by 3.0% during the 3rd quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after buying an additional 2,625 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Toll Brothers by 118.8% during the 3rd quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after buying an additional 4,628 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Toll Brothers by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock worth $25,170,000 after buying an additional 36,729 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Toll Brothers by 9.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,280 shares of the construction company’s stock worth $54,794,000 after buying an additional 117,142 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.
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Toll Brothers Company Profile
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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