Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 20,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $49.83, for a total transaction of $996,600.00. Following the sale, the chief executive officer now owns 231,785 shares of the company’s stock, valued at approximately $11,549,846.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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. Toll Brothers Inc has a fifty-two week low of $30.67 and a fifty-two week high of $52.40. The stock has a market cap of $7,935.89, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last announced 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 for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.67 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts forecast that Toll Brothers Inc will post 3.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 11th. Toll Brothers’s dividend payout ratio is 10.03%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sawyer & Company Inc purchased a new position in Toll Brothers during the 4th quarter worth $531,000. Jaffetilchin Investment Partners LLC bought a new stake in Toll Brothers in the 4th quarter valued at about $430,000. Private Asset Management Inc. bought a new stake in Toll Brothers in the 4th quarter valued at about $240,000. Prudential Financial Inc. raised its stake in Toll Brothers by 19.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,717,119 shares of the construction company’s stock valued at $71,209,000 after acquiring an additional 283,578 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Toll Brothers by 23.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock valued at $12,572,000 after acquiring an additional 57,261 shares during the period. 88.08% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. KeyCorp upgraded shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and upped their price target for the company from $44.55 to $52.00 in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group began coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. ValuEngine lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, MKM Partners upped their price target on shares of Toll Brothers to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.
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