Toll Brothers (NYSE:TOL) CEO Sells $7,237,508.72 in Stock

Toll Brothers Inc. (NYSE:TOLGet Free Report) CEO Douglas Jr. Yearley sold 45,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $1.71 during trading on Thursday, reaching $158.82. The company’s stock had a trading volume of 835,006 shares, compared to its average volume of 1,299,415. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47. The business’s fifty day moving average price is $147.46 and its 200-day moving average price is $140.27.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $1.75 EPS. The business’s revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Toll Brothers’s payout ratio is 7.14%.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sivia Capital Partners LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $705,000. Asset Management One Co. Ltd. bought a new position in shares of Toll Brothers during the second quarter worth about $1,528,000. Envestnet Asset Management Inc. raised its position in Toll Brothers by 4.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 51,934 shares of the construction company’s stock valued at $5,927,000 after buying an additional 2,398 shares during the last quarter. Bessemer Group Inc. raised its position in Toll Brothers by 347.3% in the 2nd quarter. Bessemer Group Inc. now owns 1,588 shares of the construction company’s stock valued at $182,000 after buying an additional 1,233 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in Toll Brothers by 42.2% in the 2nd quarter. Transcend Capital Advisors LLC now owns 6,425 shares of the construction company’s stock valued at $733,000 after acquiring an additional 1,907 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Key Stories Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TOL. Barclays restated an “underweight” rating on shares of Toll Brothers in a report on Monday. Citizens Jmp reissued a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. UBS Group boosted their target price on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company increased their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, BTIG Research started coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.60.

Check Out Our Latest Research Report on TOL

About Toll Brothers

(Get Free Report)

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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