Toll Brothers, Inc. (NYSE:TOL) Director Sells $46,443.60 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christine Garvey also recently made the following trade(s):

• On Monday, December 30th, Christine Garvey sold 204 shares of Toll Brothers stock. The stock was sold at an average price of $125.78, for a total value of $25,659.12.
• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The stock was sold at an average price of $126.77, for a total value of $2,662.17.

Toll Brothers Stock Up 3.6 %

NYSE:TOL opened at $114.56 on Wednesday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 7.88, a PEG ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company’s fifty day moving average price is $128.09 and its 200-day moving average price is $141.38. Toll Brothers, Inc. has a 1-year low of $108.86 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. Toll Brothers’s payout ratio is presently 6.33%.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after purchasing an additional 72 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC increased its position in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 88 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in shares of Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TOL. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group reduced their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $147.57.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.