Paul Shapiro Sells 3,965 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL) Director Paul Shapiro sold 3,965 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Toll Brothers Stock Performance

Toll Brothers stock traded down $2.40 during midday trading on Friday, reaching $146.64. The stock had a trading volume of 1,083,630 shares, compared to its average volume of 1,389,369. The firm has a market capitalization of $13.93 billion, a PE ratio of 10.81, a P/E/G ratio of 1.21 and a beta of 1.43. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $150.59. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $137.36 and its 200 day moving average price is $133.62.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $4.63 EPS. Toll Brothers’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TOL shares. The Goldman Sachs Group lifted their price target on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Wedbush reiterated an “outperform” rating and set a $165.00 price target on shares of Toll Brothers in a research report on Thursday, September 18th. BTIG Research began coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.40.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC purchased a new position in Toll Brothers in the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC bought a new position in Toll Brothers in the third quarter valued at $28,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers during the third quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth about $29,000. Finally, Smithfield Trust Co boosted its holdings in shares of Toll Brothers by 136.4% in the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.