Toll Brothers (NYSE:TOL) Chairman Douglas Jr. Yearley Sells 77,957 Shares

Toll Brothers Inc. (NYSE:TOL) Chairman Douglas Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Trading Up 4.0%

Toll Brothers stock traded up $6.00 during trading on Thursday, hitting $155.66. The company’s stock had a trading volume of 1,831,416 shares, compared to its average volume of 1,217,796. The stock’s fifty day moving average is $139.86 and its 200 day moving average is $142.78. Toll Brothers Inc. has a 1-year low of $105.65 and a 1-year high of $168.36. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. As a group, equities research analysts predict that Toll Brothers Inc. will post 12.68 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 7.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC raised its stake in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers during the 3rd quarter valued at $27,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers during the 3rd quarter worth $28,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $27,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, February 18th. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Citigroup assumed coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set an “outperform” rating for the company. JPMorgan Chase & Co. upped their price objective on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Argus set a $170.00 target price on Toll Brothers in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.56.

Toll Brothers Company Profile

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.