Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells 3,837 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Trading Down 1.4 %

Shares of TOL stock traded down $1.85 during trading hours on Tuesday, hitting $132.73. 1,396,090 shares of the company were exchanged, compared to its average volume of 1,374,447. The firm has a market cap of $13.40 billion, a PE ratio of 8.95, a PEG ratio of 1.00 and a beta of 1.69. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $152.76 and a 200 day moving average of $139.53.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. Analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's dividend payout ratio (DPR) is presently 6.12%.

Wall Street Analyst Weigh In

Several research firms recently commented on TOL. Bank of America boosted their price objective 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 reiterated an "outperform" rating and issued a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Barclays boosted their price objective 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $152.53.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock worth $38,000 after purchasing an additional 223 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares in the last quarter. 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.