Toll Brothers, Inc. (NYSE:TOL - Get Free Report) was the target of some unusual options trading on Wednesday. Investors bought 5,854 put options on the stock. This represents an increase of 36% compared to the average volume of 4,309 put options.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. UBS Group decreased their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus price target of $150.86.
Read Our Latest Research Report on TOL
Toll Brothers Price Performance
Shares of TOL traded down $3.70 during midday trading on Friday, reaching $111.45. The stock had a trading volume of 2,202,011 shares, compared to its average volume of 1,760,335. Toll Brothers has a 52 week low of $107.79 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm's 50 day moving average price is $129.02 and its 200-day moving average price is $141.40. The company has a market capitalization of $11.13 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, analysts forecast that Toll Brothers will post 14.15 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's payout ratio is 6.33%.
Insider Activity at Toll Brothers
In other news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Toll Brothers
A number of hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock valued at $786,000 after buying an additional 72 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares in the last quarter. Nilsine Partners LLC grew its holdings in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after buying an additional 88 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its holdings in shares of Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock valued at $251,000 after buying an additional 89 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.
About Toll Brothers
(
Get Free Report)
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.
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