Toll Brothers, Inc. (NYSE:TOL) CEO Sells $3,826,250.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Toll Brothers Stock Up 2.0 %

Shares of TOL traded up $3.06 during trading hours on Monday, reaching $153.50. 1,014,805 shares of the stock traded hands, compared to its average volume of 1,425,986. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $137.63 and a 200 day simple moving average of $126.64. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $154.62. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $3.73 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TOL. Oppenheimer raised their price target on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Barclays raised their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Wedbush raised their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Finally, Evercore ISI raised their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Institutional Trading of Toll Brothers

A number of large investors have recently added to or reduced their stakes in TOL. Register Financial Advisors LLC purchased a new stake in Toll Brothers during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers during the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers in the first quarter worth about $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter worth about $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.