Toll Brothers, Inc. (NYSE:TOL - Get Free Report) Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Toll Brothers Stock Performance
NYSE TOL opened at $132.73 on Wednesday. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.00 and a beta of 1.69. The company has a 50-day simple moving average of $152.39 and a two-hundred day simple moving average of $139.61. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.11 EPS. On average, equities analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current year.
Toll Brothers Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. Toll Brothers's dividend payout ratio is presently 6.12%.
Analyst Ratings Changes
A number of brokerages have weighed in on TOL. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. Finally, Oppenheimer restated an "outperform" rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.53.
Read Our Latest Stock Report on Toll Brothers
Hedge Funds Weigh In On Toll Brothers
Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock valued at $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. grew its stake in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.
About Toll Brothers
(
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.
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