John A. Mclean Sells 1,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Toll Brothers Price Performance

Shares of TOL opened at $155.35 on Friday. The firm has a market capitalization of $15.69 billion, a PE ratio of 10.61, a P/E/G ratio of 1.24 and a beta of 1.67. The stock’s 50 day moving average is $139.96 and its two-hundred day moving average is $127.68. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $156.00. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the company posted $3.73 earnings per share. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Institutional Trading of Toll Brothers

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Toll Brothers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after buying an additional 216,849 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in Toll Brothers by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after purchasing an additional 52,893 shares during the last quarter. Pacer Advisors Inc. boosted its position in Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Toll Brothers by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock valued at $112,124,000 after purchasing an additional 12,493 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOL. Royal Bank of Canada upped their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Oppenheimer boosted their price target on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.