Toll Brothers Inc (NYSE:TOL) CAO Joseph R. Sicree sold 4,500 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.48, for a total value of $231,660.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at approximately $1,245,661.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Toll Brothers Inc (NYSE:TOL) opened at $52.07 on Thursday. Toll Brothers Inc has a 52 week low of $30.67 and a 52 week high of $52.40. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7,785.78, a P/E ratio of 16.32, a PEG ratio of 0.95 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. analysts expect that Toll Brothers Inc will post 3.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s payout ratio is presently 10.03%.
A number of research firms recently commented on TOL. UBS Group reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $53.00) on shares of Toll Brothers in a research note on Wednesday. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 target price on shares of Toll Brothers in a research note on Monday, September 25th. Wedbush boosted their target price on Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Finally, Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.13.
A number of hedge funds have recently made changes to their positions in TOL. Advisors Asset Management Inc. boosted its holdings in shares of Toll Brothers by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares in the last quarter. Aviance Capital Management LLC bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $151,000. Toronto Dominion Bank boosted its holdings in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after buying an additional 192 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Toll Brothers by 381.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after buying an additional 3,361 shares in the last quarter. Finally, Charter Trust Co. bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
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Toll Brothers Company Profile
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.
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