Toll Brothers (NYSE:TOL) COO Robert Parahus Sells 7,500 Shares of Stock

Toll Brothers Inc. (NYSE:TOL) COO Robert Parahus sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Toll Brothers Price Performance

Shares of TOL stock traded down $3.97 during mid-day trading on Monday, hitting $151.70. The company had a trading volume of 1,465,972 shares, compared to its average volume of 1,220,050. Toll Brothers Inc. has a 52-week low of $107.23 and a 52-week high of $168.36. The stock’s 50 day moving average price is $140.64 and its 200-day moving average price is $143.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The company has a market capitalization of $14.18 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.29 and a beta of 1.36.

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

Toll Brothers Dividend Announcement

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

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently modified their holdings of TOL. Hilton Head Capital Partners LLC lifted its position in Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after buying an additional 74 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $27,000. Ramirez Asset Management Inc. bought a new stake in shares of Toll Brothers in the 3rd quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers in the 3rd quarter worth about $29,000. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Benchmark initiated coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Evercore reissued an “outperform” rating and issued a $185.00 target price on shares of Toll Brothers in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.