Toll Brothers Inc. (NYSE:TOL) President Richard T. Hartman sold 8,537 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. Toll Brothers’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. Toll Brothers’s dividend payout ratio is currently 11.90%.

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Hedge funds have recently modified their holdings of the business. James Investment Research Inc. purchased a new position in Toll Brothers during the second quarter worth approximately $1,375,000. Prudential Financial Inc. increased its holdings in shares of Toll Brothers by 42.9% in the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock valued at $56,639,000 after purchasing an additional 430,220 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Toll Brothers by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock valued at $6,040,000 after purchasing an additional 9,723 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Toll Brothers by 6.1% in the second quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock valued at $25,170,000 after purchasing an additional 36,729 shares during the last quarter. Finally, Andra AP fonden increased its holdings in shares of Toll Brothers by 11.6% in the second quarter. Andra AP fonden now owns 71,300 shares of the construction company’s stock valued at $2,817,000 after purchasing an additional 7,400 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

A number of equities analysts have issued reports on the company. BidaskClub downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Wedbush reiterated a “neutral” rating and issued a $37.00 price objective (down previously from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Mizuho reiterated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a report on Sunday, October 8th. Finally, J P Morgan Chase & Co downgraded Toll Brothers from an “overweight” rating to a “neutral” rating and raised their price target for the company from $41.00 to $45.00 in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $42.23.

About Toll Brothers

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.

Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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