Toll Brothers Inc. (TOL) CFO Martin P. Connor Sells 2,000 Shares of Stock
Toll Brothers Inc. (NYSE:TOL) CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $41.45, for a total value of $82,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,443,952.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Toll Brothers Inc. (NYSE TOL) opened at 41.57 on Tuesday. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.77. The firm has a market capitalization of $6.58 billion, a P/E ratio of 15.49 and a beta of 1.50. The company has a 50 day moving average of $39.22 and a 200 day moving average of $38.17.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Toll Brothers’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that Toll Brothers Inc. will post $3.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. Toll Brothers’s payout ratio is presently 11.90%.
Several equities research analysts have recently issued reports on TOL shares. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Monday, September 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research report on Thursday, August 24th. Finally, Wedbush reiterated a “neutral” rating and set a $37.00 price objective (down from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $40.67.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Toll Brothers by 7,882.3% during the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock worth $596,546,000 after purchasing an additional 16,313,307 shares during the period. FMR LLC boosted its holdings in shares of Toll Brothers by 34.9% in the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock worth $287,997,000 after acquiring an additional 2,065,250 shares during the period. Capital Growth Management LP boosted its holdings in shares of Toll Brothers by 110.7% in the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock worth $106,524,000 after acquiring an additional 1,550,000 shares during the period. Koch Industries Inc. bought a new position in shares of Toll Brothers in the second quarter worth $1,177,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Toll Brothers by 7.2% in the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after acquiring an additional 815,737 shares during the period. Institutional investors own 80.69% of the company’s stock.
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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