Robert Parahus Sells 7,500 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL) COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Toll Brothers Price Performance

Toll Brothers stock opened at $151.09 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 52-week low of $110.64 and a 52-week high of $168.36. The firm has a market cap of $14.12 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.26 and a beta of 1.36. The company’s 50 day moving average is $141.09 and its two-hundred day moving average is $143.15.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, research analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. BTIG Research started coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Barclays decreased their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 8th. Finally, Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

Institutional Trading of Toll Brothers

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in shares of Toll Brothers by 25.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after purchasing an additional 21,907 shares during the period. Quantbot Technologies LP acquired a new position in Toll Brothers during the third quarter worth approximately $2,408,000. American Century Companies Inc. increased its position in Toll Brothers by 19.9% during the third quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock worth $28,706,000 after buying an additional 34,432 shares during the period. Annex Advisory Services LLC lifted its stake in Toll Brothers by 30.8% in the fourth quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock valued at $5,984,000 after buying an additional 10,420 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $1,132,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.