Toll Brothers Target of Unusually Large Options Trading (TOL)
Toll Brothers Inc. (NYSE:TOL) saw some unusual options trading activity on Friday. Investors purchased 12,948 put options on the stock. This is an increase of Infinity compared to the typical volume of 0 put options.
Shares of Toll Brothers (TOL) opened at $43.90 on Monday. The firm has a market cap of $7,180.94, a PE ratio of 16.32, a PEG ratio of 0.94 and a beta of 1.55. Toll Brothers has a 1 year low of $26.65 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that Toll Brothers will post 3.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s payout ratio is currently 11.90%.
TOL has been the topic of several recent research reports. J P Morgan Chase & Co lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $41.00 to $45.00 in a report on Thursday, September 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 target price on shares of Toll Brothers in a report on Friday, October 20th. Mizuho restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. BidaskClub lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Barclays PLC lowered shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.93.
In other news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the sale, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at approximately $1,443,952.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl B. Marbach sold 12,900 shares of Toll Brothers stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the transaction, the director now owns 114,149 shares in the company, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. Insiders have sold a total of 52,187 shares of company stock valued at $2,184,490 over the last three months. Corporate insiders own 8.78% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in shares of Toll Brothers in the 2nd quarter worth about $101,000. Advisors Asset Management Inc. increased its position in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,017 shares during the last quarter. IFP Advisors Inc grew its position in shares of Toll Brothers by 369.1% during the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after buying an additional 2,152 shares during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $151,000. Finally, Toronto Dominion Bank grew its position in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after buying an additional 192 shares during the last quarter. 80.78% of the stock is owned by institutional investors.
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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