Toll Brothers (NYSE:TOL) Director Stephen East Sells 800 Shares of Company Stock

by · The Markets Daily

Toll Brothers Inc. (NYSE:TOL – Get Free Report) Director Stephen East sold 800 shares of Toll Brothers stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the transaction, the director directly owned 12,642 shares of the company’s stock, valued at $1,719,185.58. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Toll Brothers Stock Up 0.9%

Shares of NYSE TOL opened at $137.19 on Friday. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The firm’s 50-day simple moving average is $144.21 and its 200 day simple moving average is $143.39. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34.

Toll Brothers (NYSE:TOL – Get Free Report) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.73 earnings per share. On average, research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 8.35%.

Analyst Upgrades and Downgrades

TOL has been the subject of several research reports. Truist Financial lifted their target price on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Barclays raised their price target on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. BTIG Research assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. UBS Group boosted their price objective on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.93.

Get Our Latest Research Report on TOL

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Toll Brothers in the second quarter valued at about $1,610,696,000. State Street Corp boosted its holdings in Toll Brothers by 4.4% during the second quarter. State Street Corp now owns 3,505,828 shares of the construction company’s stock worth $577,585,000 after buying an additional 146,163 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Toll Brothers by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after buying an additional 100,718 shares during the period. Jennison Associates LLC grew its position in shares of Toll Brothers by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after buying an additional 327,953 shares during the period. Finally, Norges Bank bought a new stake in shares of Toll Brothers in the 4th quarter valued at about $168,312,000. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

(Get Free Report)

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.

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