Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro Sells 3,837 Shares

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $123.80 on Friday. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The firm has a market capitalization of $12.50 billion, a PE ratio of 8.24, a P/E/G ratio of 1.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The business’s fifty day moving average price is $151.38 and its two-hundred day moving average price is $139.41.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $4.11 EPS. On average, research analysts expect that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TOL. Evercore ISI upped their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Barclays raised their price objective 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Institutional Trading of Toll Brothers

Several large investors have recently added to or reduced their stakes in TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the third quarter valued at $27,000. Brooklyn Investment Group bought a new position in Toll Brothers in the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. UMB Bank n.a. increased its stake in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

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.