Toll Brothers, Inc. (NYSE:TOL) Short Interest Down 13.8% in June

Toll Brothers, Inc. (NYSE:TOL) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,240,000 shares, a decline of 13.8% from the May 31st total of 2,600,000 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is presently 1.7 days.

Toll Brothers Stock Down 1.0 %

Shares of Toll Brothers stock traded down $1.10 on Tuesday, reaching $111.23. 1,803,398 shares of the company were exchanged, compared to its average volume of 1,388,031. Toll Brothers has a 1-year low of $68.08 and a 1-year high of $135.37. The company has a market cap of $11.42 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock’s 50 day moving average price is $121.19 and its 200-day moving average price is $113.98.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the firm posted $2.85 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold a total of 21,670 shares of company stock worth $2,586,315 in the last quarter. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Register Financial Advisors LLC acquired a new position in Toll Brothers in the first quarter valued at approximately $26,000. Contravisory Investment Management Inc. acquired a new position in Toll Brothers in the first quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Rise Advisors LLC acquired a new position in Toll Brothers in the first quarter valued at approximately $35,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in Toll Brothers in the fourth quarter valued at approximately $36,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TOL. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $124.00 in a report on Monday, June 17th. Oppenheimer boosted their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Citigroup reduced their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Argus boosted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.13.

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.