Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 420 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Christine Garvey also recently made the following trade(s):

• On Monday, December 30th, Christine Garvey sold 204 shares of Toll Brothers stock. The stock was sold at an average price of $125.78, for a total value of $25,659.12.
• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The shares were sold at an average price of $126.77, for a total value of $2,662.17.

Toll Brothers Trading Up 3.6 %

NYSE TOL traded up $4.01 during trading on Tuesday, hitting $114.56. 2,810,238 shares of the company’s stock traded hands, compared to its average volume of 1,801,106. The firm has a market cap of $11.44 billion, a P/E ratio of 7.88, a PEG ratio of 1.02 and a beta of 1.76. The stock has a fifty day moving average of $128.09 and a two-hundred day moving average of $141.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 12-month low of $108.86 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. Toll Brothers’s payout ratio is presently 6.33%.

Analysts Set New Price Targets

TOL has been the topic of several analyst reports. Oppenheimer decreased their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada cut their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOL. Challenger Wealth Management purchased a new position in shares of Toll Brothers during the 4th quarter worth approximately $327,000. Peak Retirement Planning Inc. purchased a new position in shares of Toll Brothers during the fourth quarter valued at approximately $771,000. Toronto Dominion Bank boosted its position in shares of Toll Brothers by 60.2% in the 4th quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock worth $645,000 after purchasing an additional 1,925 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Toll Brothers in the 4th quarter worth approximately $1,795,000. Finally, GTS Securities LLC increased its position in Toll Brothers by 384.2% during the 4th quarter. GTS Securities LLC now owns 3,064 shares of the construction company’s stock valued at $386,000 after buying an additional 4,142 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.