Toll Brothers (NYSE:TOL) CEO Douglas Jr. Yearley Sells 45,116 Shares

Toll Brothers Inc. (NYSE:TOLGet Free Report) CEO Douglas Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Toll Brothers Stock Up 1.1%

TOL stock traded up $1.71 during mid-day trading on Thursday, reaching $158.82. The company had a trading volume of 835,006 shares, compared to its average volume of 1,299,415. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.25 and a beta of 1.47. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $168.36. The stock has a 50 day simple moving average of $147.46 and a two-hundred day simple moving average of $140.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

Analyst Ratings Changes

A number of equities analysts recently commented on TOL shares. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Citizens Jmp reaffirmed a “market outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Wednesday, February 18th. UBS Group boosted their price target on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Evercore set a $174.00 price objective on Toll Brothers in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.60.

Check Out Our Latest Report on Toll Brothers

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Institutional Trading of Toll Brothers

Hedge funds have recently added to or reduced their stakes in the stock. Candriam S.C.A. bought a new position in Toll Brothers in the 3rd quarter valued at approximately $5,407,000. Moody Aldrich Partners LLC grew its holdings in Toll Brothers by 93.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after acquiring an additional 13,175 shares during the last quarter. Alps Advisors Inc. acquired a new position in Toll Brothers in the 3rd quarter valued at approximately $6,929,000. Allianz Asset Management GmbH increased its position in Toll Brothers by 11.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares during the period. Finally, Advisors Capital Management LLC bought a new position in shares of Toll Brothers during the third quarter valued at $2,514,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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