Toll Brothers, Inc. (NYSE:TOL) Short Interest Down 16.5% in November

by · The Cerbat Gem

Toll Brothers, Inc. (NYSE:TOL – Get Free Report) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,580,000 shares, a drop of 16.5% from the October 31st total of 3,090,000 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 2.1 days.

Toll Brothers Stock Up 0.3 %

NYSE:TOL opened at $165.17 on Friday. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.23 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock’s fifty day moving average price is $153.52 and its two-hundred day moving average price is $137.58. Toll Brothers has a 52-week low of $84.66 and a 52-week high of $169.52.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Wells Fargo & Company increased their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Barclays upped their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Finally, Oppenheimer boosted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.87.

Get Our Latest Analysis on Toll Brothers

Insiders Place Their Bets

In related news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is currently owned by company insiders.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after buying an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares during the period. Finally, Clifford Swan Investment Counsel LLC boosted its stake in Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after acquiring an additional 89 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

(Get Free Report)

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.

Featured Stories