Toll Brothers Inc. (NYSE:TOL) President Richard T. Hartman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total transaction of $940,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Toll Brothers Inc. (NYSE TOL) traded up $0.27 during mid-day trading on Friday, hitting $47.00. 1,395,338 shares of the stock traded hands, compared to its average volume of 1,935,160. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 6.75. Toll Brothers Inc. has a 52-week low of $28.93 and a 52-week high of $47.45. The firm has a market cap of $7,400.00, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.01 and a beta of 1.55.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. analysts forecast that Toll Brothers Inc. will post 3.2 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. purchased a new stake in Toll Brothers during the 2nd quarter worth approximately $1,375,000. Prudential Financial Inc. increased its stake in Toll Brothers by 42.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after buying an additional 430,220 shares during the period. Lyell Wealth Management LP increased its stake in Toll Brothers by 3.0% during the 3rd quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after buying an additional 2,625 shares during the period. Russell Investments Group Ltd. increased its stake in Toll Brothers by 6.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock worth $6,040,000 after buying an additional 9,723 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Toll Brothers by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock worth $25,170,000 after buying an additional 36,729 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on TOL. BidaskClub lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 target price on shares of Toll Brothers in a report on Sunday, October 8th. Wedbush reiterated 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. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Finally, J P Morgan Chase & Co lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $41.00 to $45.00 in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Toll Brothers currently has an average rating of “Hold” and an average price target of $44.00.
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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