Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the transaction, the chief executive officer now directly owns 350,457 shares of the company’s stock, valued at approximately $13,667,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE TOL opened at $38.36 on Friday. The business’s 50-day moving average price is $33.41 and its two-hundred day moving average price is $32.70. Toll Brothers Inc has a 12 month low of $13.28 and a 12 month high of $49.31. The firm has a market capitalization of $4.83 billion, a PE ratio of 11.25 and a beta of 1.69. The company has a current ratio of 6.84, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. Toll Brothers had a return on equity of 9.91% and a net margin of 6.85%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue was down 9.7% on a year-over-year basis. As a group, analysts forecast that Toll Brothers Inc will post 2.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.15%. Toll Brothers’s payout ratio is 10.92%.

Several institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System boosted its position in shares of Toll Brothers by 25.5% during the 2nd quarter. State of Michigan Retirement System now owns 42,027 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 8,527 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $268,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Toll Brothers by 31.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,681 shares of the construction company’s stock valued at $446,000 after purchasing an additional 3,293 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $215,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $619,000. Institutional investors own 82.51% of the company’s stock.

A number of research firms have recently commented on TOL. Goldman Sachs Group cut Toll Brothers from a “neutral” rating to a “sell” rating in a report on Thursday, April 2nd. Credit Suisse Group began coverage on Toll Brothers in a report on Wednesday, May 27th. They set a “neutral” rating and a $31.00 price target for the company. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a report on Saturday, May 9th. BTIG Research cut Toll Brothers from a “neutral” rating to a “sell” rating and set a $27.00 target price for the company. in a report on Tuesday, July 21st. Finally, Evercore ISI raised Toll Brothers from an “in-line” rating to an “outperform” rating and set a $39.00 target price for the company in a report on Friday, June 5th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $37.13.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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