John A. Mclean Sells 1,000 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Toll Brothers Price Performance

TOL opened at $155.35 on Monday. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.67. The stock has a fifty day moving average price of $139.96 and a 200 day moving average price of $127.72. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.00. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

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

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.59%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Register Financial Advisors LLC bought a new position in Toll Brothers in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the 2nd quarter worth approximately $29,000. Contravisory Investment Management Inc. acquired a new position in Toll Brothers in the 1st quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after acquiring an additional 142 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Toll Brothers in the first quarter valued at $35,000. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price target for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Oppenheimer boosted 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $145.67.

About Toll Brothers

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.