Toll Brothers Inc. (NYSE:TOL)’s share price gapped down before the market opened on Thursday after an insider sold shares in the company. The stock had previously closed at $40.68, but opened at $39.87. Toll Brothers shares last traded at $39.21, with a volume of 1,755,763 shares changing hands.

Specifically, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the completion of the transaction, the director now directly owns 110,373 shares of the company’s stock, valued at approximately $4,180,929.24. The disclosure for this sale can be found here. Insiders have sold a total of 34,400 shares of company stock worth $1,357,884 in the last quarter. 8.78% of the stock is currently owned by company insiders.

Several equities analysts recently commented on the stock. J P Morgan Chase & Co downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $45.00 in a research note on Thursday. BidaskClub downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.67.

The firm has a market capitalization of $6.24 billion, a PE ratio of 14.69 and a beta of 1.49. The stock’s 50-day moving average is $38.87 and its 200-day moving average is $37.76.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, analysts forecast that Toll Brothers Inc. will post $3.20 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Toll Brothers by 1.8% during the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after acquiring an additional 49 shares during the last quarter. World Asset Management Inc grew its stake in shares of Toll Brothers by 1.8% during the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after acquiring an additional 181 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of Toll Brothers by 0.3% during the first quarter. Mason Street Advisors LLC now owns 69,843 shares of the construction company’s stock worth $2,522,000 after acquiring an additional 192 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the last quarter. Finally, Veritable L.P. grew its stake in shares of Toll Brothers by 0.9% during the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 237 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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