Stephen East Sells 1,000 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL) Director Stephen East sold 1,000 shares of Toll Brothers stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $1.24 during mid-day trading on Thursday, hitting $138.89. The company had a trading volume of 720,975 shares, compared to its average volume of 1,285,556. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 1.11 and a beta of 1.49. Toll Brothers Inc. has a 1 year low of $90.78 and a 1 year high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $146.69 and its 200-day moving average price is $141.04.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 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 24th. Stockholders of record on Friday, April 10th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.43%.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors have recently modified their holdings of TOL. Sivia Capital Partners LLC bought a new position in shares of Toll Brothers during the 2nd quarter valued at about $705,000. Brown Advisory Inc. lifted its stake in shares of Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after acquiring an additional 186 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after acquiring an additional 340 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after acquiring an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Toll Brothers by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after acquiring an additional 700 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TOL shares. Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Oppenheimer reiterated an “outperform” rating and issued a $180.00 price target (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Keefe, Bruyette & Woods lifted their price objective on Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada lifted their price objective on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $164.44.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.