Toll Brothers Inc (TOL) CEO Sells $520,800.00 in Stock

Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. Following the sale, the chief executive officer now directly owns 211,785 shares in the company, valued at approximately $11,029,762.80. The sale was disclosed in a document filed with the SEC, which is available at this link.

Toll Brothers Inc (NYSE:TOL) opened at $51.58 on Friday. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8,160.00, a P/E ratio of 16.22, a P/E/G ratio of 1.30 and a beta of 1.57. Toll Brothers Inc has a 52-week low of $30.67 and a 52-week high of $52.40.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. Toll Brothers’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. analysts forecast that Toll Brothers Inc will post 3.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. Toll Brothers’s dividend payout ratio (DPR) is presently 10.06%.

Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in Toll Brothers by 8.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 568,233 shares of the construction company’s stock valued at $22,451,000 after purchasing an additional 45,749 shares during the last quarter. Victory Capital Management Inc. raised its position in Toll Brothers by 21.0% in the 2nd quarter. Victory Capital Management Inc. now owns 36,779 shares of the construction company’s stock valued at $1,453,000 after purchasing an additional 6,381 shares during the last quarter. Tredje AP fonden raised its position in Toll Brothers by 20.9% in the 2nd quarter. Tredje AP fonden now owns 37,493 shares of the construction company’s stock valued at $1,481,000 after purchasing an additional 6,477 shares during the last quarter. Wells Fargo & Company MN raised its position in Toll Brothers by 31.8% in the 2nd quarter. Wells Fargo & Company MN now owns 434,060 shares of the construction company’s stock valued at $17,149,000 after purchasing an additional 104,669 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Toll Brothers by 43.5% in the 2nd quarter. Alliancebernstein L.P. now owns 158,141 shares of the construction company’s stock valued at $6,248,000 after purchasing an additional 47,914 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Several brokerages have recently weighed in on TOL. MKM Partners lifted their price objective on Toll Brothers to $54.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Wedbush lifted their price objective on Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, December 29th. Royal Bank of Canada lifted their price objective on Toll Brothers to $57.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Argus set a $55.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Mizuho set a $52.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.63.

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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.

Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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