Toll Brothers (NYSE:TOL) COO Robert Parahus Sells 7,500 Shares of Stock

Toll Brothers Inc. (NYSE:TOL) COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Toll Brothers Trading Down 2.6%

Shares of TOL traded down $3.97 during mid-day trading on Monday, reaching $151.70. 1,465,972 shares of the company’s stock traded hands, compared to its average volume of 1,220,050. The stock has a market cap of $14.18 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.29 and a beta of 1.36. The stock’s 50-day moving average is $140.64 and its two-hundred day moving average is $143.00. Toll Brothers Inc. has a 12 month low of $107.23 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts forecast that Toll Brothers Inc. will post 12.68 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, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.26 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TOL. Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Toll Brothers in a research note on Thursday, May 21st. Citigroup began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued an “outperform” rating for the company. Benchmark started coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Argus set a $170.00 target price on shares of Toll Brothers in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.56.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC lifted its holdings in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after buying an additional 68 shares during the period. Root Financial Partners LLC increased its holdings in shares of Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the period. Merit Financial Group LLC increased its holdings in shares of Toll Brothers by 0.4% in the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after acquiring an additional 72 shares during the period. IFP Advisors Inc raised its position in shares of Toll Brothers by 2.4% in the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after acquiring an additional 74 shares in the last quarter. Finally, Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other 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.