Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro Sells 3,837 Shares of Stock

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Toll Brothers Trading Down 1.4 %

Shares of NYSE TOL opened at $132.73 on Wednesday. The stock has a market cap of $13.40 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The firm has a 50 day moving average price of $152.39 and a two-hundred day moving average price of $139.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.11 EPS. As a group, equities analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid 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 currently 6.12%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada raised their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.53.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Old North State Trust LLC grew its stake in shares of Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock worth $320,000 after acquiring an additional 143 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after acquiring an additional 9,195 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new stake in shares of Toll Brothers during the third quarter valued at approximately $263,000. Tidal Investments LLC bought a new stake in Toll Brothers during the third quarter worth $258,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Toll Brothers by 39.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock worth $1,940,000 after purchasing an additional 3,570 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

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.