Insider Selling: Toll Brothers Inc. (TOL) President Sells 20,000 Shares of Stock
Toll Brothers Inc. (NYSE:TOL) President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total transaction of $940,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Toll Brothers Inc. (TOL) traded up $1.00 during midday trading on Wednesday, reaching $47.05. 1,979,600 shares of the company traded hands, compared to its average volume of 1,941,331. Toll Brothers Inc. has a fifty-two week low of $28.30 and a fifty-two week high of $47.10. The firm has a market capitalization of $7,532.63, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.99 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Toll Brothers’s revenue was up 18.3% compared to the same quarter last year. equities research analysts anticipate that Toll Brothers Inc. will post 3.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.32 annualized dividend and a yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is presently 11.90%.
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TOL has been the topic of several research analyst reports. UBS AG initiated coverage on shares of Toll Brothers in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. BidaskClub cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and upped their price objective for the stock from $44.55 to $52.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 price objective on shares of Toll Brothers in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Asset Management Inc raised its holdings in Toll Brothers by 1.8% in the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after purchasing an additional 181 shares during the period. Toronto Dominion Bank raised its holdings in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares during the period. Veritable L.P. raised its holdings in Toll Brothers by 0.9% in the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after purchasing an additional 237 shares during the period. River Wealth Advisors LLC raised its holdings in Toll Brothers by 1.8% in the second quarter. River Wealth Advisors LLC now owns 19,770 shares of the construction company’s stock worth $781,000 after purchasing an additional 350 shares during the period. Finally, ETRADE Capital Management LLC raised its holdings in Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after purchasing an additional 365 shares during the period. Institutional investors own 81.30% of the company’s stock.
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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