Toll Brothers, Inc. (NYSE:TOL) Short Interest Down 13.8% in June

Toll Brothers, Inc. (NYSE:TOL) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 2,240,000 shares, a decline of 13.8% from the May 31st total of 2,600,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 1.7 days. Approximately 2.2% of the company’s stock are short sold.

Toll Brothers Stock Up 0.0 %

TOL stock opened at $115.18 on Friday. The business’s 50-day moving average price is $121.22 and its 200-day moving average price is $113.81. The stock has a market cap of $11.82 billion, a P/E ratio of 7.87, a PEG ratio of 0.94 and a beta of 1.66. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 earnings per share. On average, equities research analysts forecast that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Argus raised their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company boosted their price target on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Royal Bank of Canada upped their price target on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Barclays lifted their price objective on Toll Brothers from $115.00 to $118.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $129.07.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 21,670 shares of company stock valued at $2,586,315 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Register Financial Advisors LLC purchased a new stake in Toll Brothers during the 1st quarter valued at approximately $26,000. Contravisory Investment Management Inc. bought a new stake in Toll Brothers in the 1st quarter valued at $34,000. Rise Advisors LLC purchased a new stake in Toll Brothers in the 1st quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Toll Brothers during the 4th quarter valued at about $36,000. Finally, Baker Avenue Asset Management LP grew its position in shares of Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.