Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 204 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Christine Garvey also recently made the following trade(s):

• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The stock was sold at an average price of $126.77, for a total transaction of $2,662.17.

Toll Brothers Trading Down 0.3 %

Toll Brothers stock traded down $0.33 during trading on Monday, hitting $126.12. The company’s stock had a trading volume of 1,001,763 shares, compared to its average volume of 1,384,884. The stock’s fifty day moving average is $147.43 and its 200 day moving average is $140.10. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 8.39, 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 quick ratio of 0.57 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the firm posted $4.11 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently added to or reduced their stakes in the company. Old North State Trust LLC grew its holdings in shares of Toll Brothers by 7.4% during the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock worth $320,000 after purchasing an additional 143 shares during the period. Franklin Resources Inc. grew its stake in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after buying an additional 9,195 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in shares of Toll Brothers in the third quarter worth $263,000. Tidal Investments LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at $258,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Toll Brothers by 39.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock valued at $1,940,000 after acquiring an additional 3,570 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

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.