Toll Brothers Inc. (NYSE:TOL - Get Free Report) CEO Douglas Jr. Yearley sold 45,116 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Toll Brothers Stock Up 1.1%
NYSE:TOL opened at $158.82 on Friday. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $147.84 and a two-hundred day moving average price of $140.39. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $168.36. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.23 and a beta of 1.47.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. Toll Brothers's revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.
Toll Brothers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers's dividend payout ratio is 7.14%.
Institutional Trading of Toll Brothers
A number of institutional investors have recently modified their holdings of the business. McLaughlin Asset Management Inc. bought a new stake in shares of Toll Brothers during the fourth quarter valued at about $1,227,000. Compound Planning Inc. grew its stake in Toll Brothers by 5.1% during the fourth quarter. Compound Planning Inc. now owns 4,372 shares of the construction company's stock valued at $591,000 after acquiring an additional 214 shares in the last quarter. TMB Capital Partners LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $240,000. Invesco Ltd. lifted its stake in Toll Brothers by 5.5% in the 4th quarter. Invesco Ltd. now owns 270,713 shares of the construction company's stock worth $36,606,000 after purchasing an additional 14,180 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Toll Brothers in the 4th quarter valued at $203,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $170.00 and gave the company a "market perform" rating in a research note on Wednesday. Weiss Ratings raised shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 10th. UBS Group raised their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, February 19th. BTIG Research initiated coverage on Toll Brothers in a research note on Monday, December 1st. They issued a "neutral" rating for the company. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.60.
View Our Latest Analysis on Toll Brothers
About Toll Brothers
(
Get Free Report)
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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