Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro Sells 3,837 Shares

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Stock Performance

NYSE TOL opened at $132.73 on Wednesday. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.00 and a beta of 1.69. The company has a 50-day simple moving average of $152.39 and a two-hundred day simple moving average of $139.61. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.11 EPS. On average, equities analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. Toll Brothers’s dividend payout ratio is presently 6.12%.

Analyst Ratings Changes

A number of brokerages have weighed in on TOL. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.53.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. grew its stake in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

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.