Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 204 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Trading Down 0.3 %

Toll Brothers stock opened at $126.12 on Tuesday. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.00 and a beta of 1.69. The firm has a 50 day moving average of $147.43 and a 200 day moving average of $140.10. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company posted $4.11 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. Toll Brothers’s dividend payout ratio is presently 6.12%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Bank of America raised their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. 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.