Toll Brothers Inc (NYSE:TOL) Director Christine Garvey sold 16,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the transaction, the director now directly owns 17,057 shares in the company, valued at approximately $866,836.74. The transaction was disclosed in a filing with the SEC, which is available through this link.
Toll Brothers Inc (NYSE TOL) traded down $0.95 during trading on Friday, hitting $46.40. 4,697,314 shares of the company’s stock traded hands, compared to its average volume of 1,940,000. Toll Brothers Inc has a 1 year low of $30.67 and a 1 year high of $52.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The company has a market cap of $7,340.00, a PE ratio of 14.59, a P/E/G ratio of 0.87 and a beta of 1.38.
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). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $0.67 EPS. Toll Brothers’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts expect that Toll Brothers Inc will post 3.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Toll Brothers’s payout ratio is currently 10.06%.
Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $440,000. Redmond Asset Management LLC increased its stake in shares of Toll Brothers by 7.0% during the 4th quarter. Redmond Asset Management LLC now owns 64,060 shares of the construction company’s stock worth $3,076,000 after purchasing an additional 4,216 shares during the last quarter. Aperio Group LLC increased its stake in shares of Toll Brothers by 17.3% during the 4th quarter. Aperio Group LLC now owns 56,506 shares of the construction company’s stock worth $2,713,000 after purchasing an additional 8,318 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Toll Brothers by 827.3% during the 4th quarter. Victory Capital Management Inc. now owns 418,910 shares of the construction company’s stock worth $20,116,000 after purchasing an additional 373,734 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $260,000. Institutional investors own 88.06% of the company’s stock.
TOL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research report on Sunday, October 8th. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, October 10th. UBS Group initiated coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and increased their price objective for the stock from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Toll Brothers has a consensus rating of “Buy” and a consensus price target of $51.06.
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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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