Toll Brothers Inc (TOL) CEO Sells $520,800.00 in Stock
Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $52.08, for a total value of $520,800.00. Following the completion of the transaction, the chief executive officer now directly owns 211,785 shares in the company, valued at $11,029,762.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Toll Brothers Inc (NYSE TOL) traded down $1.53 during mid-day trading on Thursday, reaching $50.57. The company had a trading volume of 3,060,300 shares, compared to its average volume of 2,396,329. Toll Brothers Inc has a fifty-two week low of $30.44 and a fifty-two week high of $52.40. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71. The firm has a market cap of $8,110.00, a P/E ratio of 15.90, a P/E/G ratio of 1.30 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. equities analysts predict that Toll Brothers Inc will post 3.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 10.06%.
A number of brokerages have recently issued reports on TOL. Wedbush boosted their price objective on Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Argus set a $55.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Wednesday, December 20th. Royal Bank of Canada boosted their price objective on Toll Brothers to $57.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Mizuho set a $52.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $52.00 price objective (up from $43.00) on shares of Toll Brothers in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.63.
A number of hedge funds have recently bought and sold shares of TOL. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $430,000. Private Asset Management Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $240,000. Prudential Financial Inc. raised its stake in shares of Toll Brothers by 19.8% in the third quarter. Prudential Financial Inc. now owns 1,717,119 shares of the construction company’s stock worth $71,209,000 after purchasing an additional 283,578 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Toll Brothers by 23.3% in the third quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock worth $12,572,000 after purchasing an additional 57,261 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Toll Brothers by 73.2% in the third quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after purchasing an additional 53,045 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.
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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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