Toll Brothers Inc (NYSE:TOL) Director Carl B. Marbach sold 3,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.14, for a total transaction of $105,420.00. Following the sale, the director now directly owns 85,463 shares of the company’s stock, valued at approximately $3,003,169.82. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of TOL traded down $0.03 during midday trading on Wednesday, reaching $35.76. The stock had a trading volume of 1,586,300 shares, compared to its average volume of 1,774,763. Toll Brothers Inc has a 1-year low of $28.68 and a 1-year high of $39.80. The business has a fifty day moving average price of $37.02. The firm has a market capitalization of $5.25 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.10. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business earned $0.72 EPS. Research analysts expect that Toll Brothers Inc will post 3.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.44 annualized dividend and a yield of 1.23%. Toll Brothers’s dividend payout ratio is currently 9.34%.
A number of large investors have recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC raised its stake in Toll Brothers by 0.9% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 32,308 shares of the construction company’s stock worth $1,064,000 after acquiring an additional 275 shares in the last quarter. Mason Street Advisors LLC grew its position in Toll Brothers by 0.5% during the 1st quarter. Mason Street Advisors LLC now owns 71,344 shares of the construction company’s stock worth $2,583,000 after purchasing an additional 330 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Toll Brothers by 2.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,455 shares of the construction company’s stock worth $608,000 after purchasing an additional 400 shares during the last quarter. Bank Hapoalim BM grew its position in Toll Brothers by 3.2% during the 1st quarter. Bank Hapoalim BM now owns 16,000 shares of the construction company’s stock worth $579,000 after purchasing an additional 500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Toll Brothers by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 54,215 shares of the construction company’s stock worth $1,963,000 after purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 81.15% of the company’s stock.
Several analysts have recently weighed in on TOL shares. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Raymond James set a $40.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a research note on Friday, March 1st. Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. cut shares of Toll Brothers from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $33.00 to $32.00 in a research report on Thursday, March 7th. Finally, Royal Bank of Canada set a $37.00 price objective on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.84.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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