Toll Brothers, Inc. (NYSE:TOL) CFO Sells $66,950.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $66.95, for a total transaction of $66,950.00. Following the completion of the sale, the chief financial officer now directly owns 38,830 shares of the company’s stock, valued at $2,599,668.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:TOL opened at $61.73 on Friday. The stock has a market cap of $7.60 billion, a P/E ratio of 17.89, a PEG ratio of 0.62 and a beta of 1.64. Toll Brothers, Inc. has a one year low of $23.11 and a one year high of $68.88. The company has a fifty day moving average price of $60.97 and a 200 day moving average price of $51.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.82 and a quick ratio of 1.37.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, February 22nd. The construction company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.29. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Toll Brothers had a net margin of 6.31% and a return on equity of 9.42%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 4.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 23rd. Stockholders of record on Friday, April 9th were paid a $0.17 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, April 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. Toll Brothers’s dividend payout ratio is currently 20.00%.

Hedge funds have recently made changes to their positions in the company. Simon Quick Advisors LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $26,000. Ceredex Value Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at $34,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Toll Brothers in the 1st quarter valued at $35,000. Fieldpoint Private Securities LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $30,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at $60,000. Institutional investors own 87.20% of the company’s stock.

Several research firms have commented on TOL. Citigroup boosted their target price on shares of Toll Brothers from $51.00 to $62.00 in a research report on Thursday, February 25th. Credit Suisse Group upped their price objective on shares of Toll Brothers from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, March 3rd. Argus upped their price objective on shares of Toll Brothers from $56.00 to $62.00 in a report on Tuesday, March 2nd. Wolfe Research initiated coverage on shares of Toll Brothers in a report on Monday, March 22nd. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada upped their price objective on shares of Toll Brothers from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Four analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.59.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and Urban Infill. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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