Toll Brothers Inc (NYSE:TOL) Director Robert I. Toll sold 254,986 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $44.23, for a total value of $11,278,030.78. Following the sale, the director now owns 9,020,316 shares in the company, valued at approximately $398,968,576.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE TOL opened at $43.07 on Wednesday. The stock has a fifty day simple moving average of $41.38 and a two-hundred day simple moving average of $31.81. Toll Brothers Inc has a 1-year low of $13.28 and a 1-year high of $49.31. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 3.92 and a beta of 1.76. The company has a current ratio of 6.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 25th. The construction company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.21. Toll Brothers had a return on equity of 9.38% and a net margin of 6.51%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company earned $1.00 earnings per share. Toll Brothers’s revenue was down 6.6% compared to the same quarter last year. Analysts forecast that Toll Brothers Inc will post 3.03 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Capital World Investors grew its holdings in Toll Brothers by 44.9% during the first quarter. Capital World Investors now owns 14,892,171 shares of the construction company’s stock valued at $286,674,000 after purchasing an additional 4,613,869 shares during the period. FMR LLC lifted its position in shares of Toll Brothers by 148.2% during the second quarter. FMR LLC now owns 3,927,429 shares of the construction company’s stock worth $127,995,000 after acquiring an additional 2,344,779 shares in the last quarter. Echo Street Capital Management LLC lifted its position in shares of Toll Brothers by 61.6% during the first quarter. Echo Street Capital Management LLC now owns 1,882,928 shares of the construction company’s stock worth $36,246,000 after acquiring an additional 717,638 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Toll Brothers during the first quarter worth $12,296,000. Finally, Impala Asset Management LLC purchased a new stake in shares of Toll Brothers in the second quarter worth $16,657,000. 82.26% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on TOL. Credit Suisse Group began coverage on Toll Brothers in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $31.00 price target on the stock. Barclays upped their price target on Toll Brothers from $29.00 to $43.00 and gave the company an “underweight” rating in a research report on Thursday, August 27th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 18th. Royal Bank of Canada boosted their price objective on Toll Brothers from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company boosted their price objective on Toll Brothers from $34.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $40.53.
About Toll Brothers
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.
Further Reading: What is insider trading?
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.