Insider Selling: Toll Brothers, Inc. (NYSE:TOL) Director Sells $178,980.00 in Stock

Toll Brothers, Inc. (NYSE:TOL) Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Toll Brothers Stock Down 0.8 %

NYSE:TOL opened at $113.42 on Thursday. Toll Brothers, Inc. has a one year low of $60.83 and a one year high of $130.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The company has a market cap of $11.81 billion, a PE ratio of 8.77, a P/E/G ratio of 0.98 and a beta of 1.66. The firm’s 50 day simple moving average is $116.97 and its 200 day simple moving average is $98.54.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. Toll Brothers’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.23 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.81%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Insight Partners LLC increased its position in Toll Brothers by 37.1% during the 1st quarter. Capital Insight Partners LLC now owns 13,996 shares of the construction company’s stock valued at $1,811,000 after purchasing an additional 3,790 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Toll Brothers during the first quarter worth $26,000. Wealth Enhancement Advisory Services LLC raised its stake in Toll Brothers by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 308,236 shares of the construction company’s stock worth $39,876,000 after buying an additional 2,729 shares during the last quarter. Brookstone Capital Management acquired a new position in Toll Brothers in the first quarter valued at $224,000. Finally, Atlas Capital Advisors LLC boosted its position in Toll Brothers by 7.1% during the first quarter. Atlas Capital Advisors LLC now owns 7,919 shares of the construction company’s stock valued at $1,024,000 after acquiring an additional 524 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TOL. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Monday, January 8th. JPMorgan Chase & Co. lifted their price target on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. The Goldman Sachs Group boosted their price target on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Wells Fargo & Company raised their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, Barclays boosted their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.80.

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.