Toll Brothers Inc. (NYSE:TOL) President Richard T. Hartman sold 8,537 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Toll Brothers Inc. (TOL) opened at $45.91 on Monday. Toll Brothers Inc. has a 1 year low of $28.30 and a 1 year high of $46.63. The firm has a market capitalization of $7,509.73, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. equities research analysts anticipate that Toll Brothers Inc. will post 3.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, October 12th. Toll Brothers’s dividend payout ratio (DPR) is 11.90%.
ILLEGAL ACTIVITY NOTICE: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/11/13/toll-brothers-inc-tol-president-sells-392702-00-in-stock.html.
Several equities analysts recently issued reports on the company. KeyCorp restated a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a report on Monday, September 25th. Finally, Wedbush restated a “neutral” rating and issued a $37.00 target price (down from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.93.
Large investors have recently made changes to their positions in the business. James Investment Research Inc. acquired a new position in Toll Brothers in the second quarter worth $1,375,000. Prudential Financial Inc. boosted its stake in Toll Brothers by 42.9% in the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after purchasing an additional 430,220 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Toll Brothers by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock worth $6,040,000 after purchasing an additional 9,723 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Toll Brothers by 6.1% in the second quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock worth $25,170,000 after purchasing an additional 36,729 shares in the last quarter. Finally, Andra AP fonden boosted its stake in Toll Brothers by 11.6% in the second quarter. Andra AP fonden now owns 71,300 shares of the construction company’s stock worth $2,817,000 after purchasing an additional 7,400 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.
About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
Receive News & Ratings for Toll Brothers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.