Toll Brothers Target of Unusually High Options Trading (NYSE:TOL)

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Toll Brothers Inc (NYSE:TOL) saw unusually large options trading activity on Monday. Stock investors bought 9,407 call options on the stock. This is an increase of 1,281% compared to the average volume of 681 call options.

In other Toll Brothers news, Director Richard J. Braemer sold 14,800 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.03, for a total transaction of $562,844.00. Following the completion of the transaction, the director now owns 101,190 shares of the company’s stock, valued at approximately $3,848,255.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 46,875 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.30, for a total value of $1,795,312.50. Following the completion of the sale, the chief executive officer now owns 345,273 shares of the company’s stock, valued at approximately $13,223,955.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,008 shares of company stock worth $6,113,365. 9.69% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. St. Johns Investment Management Company LLC purchased a new position in Toll Brothers during the third quarter valued at $52,000. Captrust Financial Advisors boosted its holdings in Toll Brothers by 51.9% in the second quarter. Captrust Financial Advisors now owns 2,070 shares of the construction company’s stock worth $76,000 after acquiring an additional 707 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Toll Brothers by 100.0% in the third quarter. Sandy Spring Bank now owns 2,000 shares of the construction company’s stock worth $82,000 after acquiring an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Toll Brothers in the second quarter worth $91,000. Finally, Penserra Capital Management LLC grew its position in Toll Brothers by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,660 shares of the construction company’s stock valued at $109,000 after purchasing an additional 532 shares during the last quarter. 84.39% of the stock is owned by institutional investors.

Shares of TOL opened at $41.42 on Tuesday. Toll Brothers has a fifty-two week low of $30.51 and a fifty-two week high of $41.70. The firm’s 50-day simple moving average is $40.23 and its two-hundred day simple moving average is $37.90. The stock has a market cap of $5.74 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 7.43.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.12. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the business earned $2.08 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. Equities research analysts predict that Toll Brothers will post 3.91 EPS for the current year.

Several analysts have commented on TOL shares. Susquehanna Bancshares lowered shares of Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Monday, October 14th. Zacks Investment Research raised Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a research report on Monday, August 26th. JMP Securities reiterated a “hold” rating on shares of Toll Brothers in a report on Wednesday, August 21st. Wells Fargo & Co lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Finally, Goldman Sachs Group started coverage on Toll Brothers in a research note on Friday. They issued a “neutral” rating and a $42.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.75.

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.

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