Insider Selling: Toll Brothers, Inc. (NYSE:TOL) CEO Sells $7,725,500.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Toll Brothers Price Performance

Shares of TOL opened at $155.35 on Monday. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.24 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $156.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The business’s 50-day moving average is $139.96 and its 200-day moving average is $127.72.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts expect that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Oppenheimer upped their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $145.67.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently added to or reduced their stakes in the company. Register Financial Advisors LLC acquired a new position in Toll Brothers in the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers during the second quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV boosted its position in Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Contravisory Investment Management Inc. bought a new stake in Toll Brothers during the first quarter worth approximately $34,000. Finally, Rise Advisors LLC bought a new stake in Toll Brothers during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.