Toll Brothers, Inc. (NYSE:TOL) CEO Sells $12,917,764.16 in Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Trading Down 1.1 %

TOL stock opened at $142.14 on Thursday. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.69. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $149.77. The business has a 50 day simple moving average of $127.51 and a two-hundred day simple moving average of $122.35.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $3.73 earnings per share. Research analysts anticipate that Toll Brothers, Inc. will post 14.63 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.65%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after acquiring an additional 216,849 shares during the last quarter. Greenhaven Associates Inc. boosted its position in shares of Toll Brothers by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after acquiring an additional 52,893 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Toll Brothers by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after purchasing an additional 14,449 shares in the last quarter. Pacer Advisors Inc. increased its position in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Finally, Norges Bank purchased a new stake in Toll Brothers during the fourth quarter valued at $128,982,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TOL. Citigroup lowered their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Bank of America upped their price objective on Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Argus upped their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Wedbush raised their price objective on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.67.

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.