Toll Brothers Inc (NYSE:TOL) Director Edward G. Boehne sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $37.01, for a total value of $629,170.00. Following the completion of the transaction, the director now directly owns 64,304 shares of the company’s stock, valued at approximately $2,379,891.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of TOL stock opened at $37.64 on Friday. Toll Brothers Inc has a one year low of $28.68 and a one year high of $39.80. The company has a market capitalization of $5.24 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.07 and a beta of 1.02. The company has a current ratio of 7.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.73.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.10. Toll Brothers had a return on equity of 15.57% and a net margin of 10.01%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers Inc will post 3.9 EPS for the current fiscal year.
TOL has been the subject of several recent research reports. Zelman & Associates raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Raymond James set a $40.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Friday, March 1st. Credit Suisse Group reiterated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a report on Friday, February 15th. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.40.
A number of hedge funds have recently made changes to their positions in TOL. FNY Investment Advisers LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Toll Brothers by 309.0% during the 1st quarter. Quadrant Capital Group LLC now owns 953 shares of the construction company’s stock worth $32,000 after buying an additional 720 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $33,000. Sandy Spring Bank boosted its holdings in shares of Toll Brothers by 150.1% during the 1st quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock worth $39,000 after buying an additional 647 shares in the last quarter. Finally, CWM LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 80.00% of the company’s stock.
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Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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