Toll Brothers Inc (NYSE:TOL) CFO Martin P. Connor sold 12,000 shares of Toll Brothers stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $51.83, for a total transaction of $621,960.00. Following the transaction, the chief financial officer now directly owns 55,357 shares of the company’s stock, valued at $2,869,153.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Toll Brothers Inc (TOL) traded up $0.90 during midday trading on Wednesday, hitting $46.49. 1,968,931 shares of the company traded hands, compared to its average volume of 2,268,553. 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 $7,150.00, a price-to-earnings ratio of 14.62, a PEG ratio of 0.81 and a beta of 1.38. Toll Brothers Inc has a 1 year low of $31.05 and a 1 year high of $52.73.
Toll Brothers (NYSE:TOL) last posted 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). The firm 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%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. analysts anticipate that Toll Brothers Inc will post 4.08 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s dividend payout ratio is presently 10.06%.
A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Toll Brothers in a research note on Wednesday, January 24th. Credit Suisse Group reiterated a “neutral” rating and set a $56.00 price objective (up previously from $45.00) on shares of Toll Brothers in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $58.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, January 18th. UBS Group reiterated a “buy” rating and set a $58.00 price objective (up previously from $53.00) on shares of Toll Brothers in a report on Wednesday, January 17th. Finally, MKM Partners lifted their price objective on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.19.
Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its position in Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,600 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Toll Brothers during the 4th quarter worth approximately $120,000. Aviance Capital Management LLC purchased a new stake in Toll Brothers during the 2nd quarter worth approximately $151,000. Toronto Dominion Bank grew its position in Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new stake in Toll Brothers during the 4th quarter worth approximately $157,000. 88.11% of the stock is currently owned by institutional investors.
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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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