Toll Brothers Inc (TOL) CFO Martin P. Connor Sells 12,000 Shares

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Toll Brothers Inc (NYSE:TOL) CFO Martin P. Connor sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $36.83, for a total transaction of $441,960.00. Following the completion of the sale, the chief financial officer now directly owns 76,504 shares of the company’s stock, valued at approximately $2,817,642.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of TOL stock traded up $0.02 during trading hours on Thursday, hitting $36.34. 10,467 shares of the company were exchanged, compared to its average volume of 1,925,713. The company has a quick ratio of 1.27, a current ratio of 6.83 and a debt-to-equity ratio of 0.78. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $49.24. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.50 and a beta of 1.04.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 4th. The construction company reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.25. Toll Brothers had a net margin of 10.47% and a return on equity of 15.93%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 21.1% compared to the same quarter last year. On average, equities analysts expect that Toll Brothers Inc will post 4.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 9.34%.

Several equities research analysts have commented on the stock. Mizuho downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $39.00 in a research note on Wednesday, January 23rd. Bank of America set a $47.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Monday, December 10th. Evercore ISI raised shares of Toll Brothers to an “outperform” rating in a research note on Thursday, October 25th. They noted that the move was a valuation call. Finally, Wedbush reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Toll Brothers in a research note on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Toll Brothers has a consensus rating of “Hold” and an average price target of $41.57.

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its position in shares of Toll Brothers by 694.0% in the fourth quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after purchasing an additional 694 shares during the last quarter. IMS Capital Management bought a new position in shares of Toll Brothers in the third quarter worth approximately $36,000. Financial Architects Inc increased its position in shares of Toll Brothers by 181.8% in the fourth quarter. Financial Architects Inc now owns 2,015 shares of the construction company’s stock worth $66,000 after purchasing an additional 1,300 shares during the last quarter. Spirit of America Management Corp NY increased its position in shares of Toll Brothers by 107.1% in the fourth quarter. Spirit of America Management Corp NY now owns 2,900 shares of the construction company’s stock worth $96,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Lavaca Capital LLC bought a new position in shares of Toll Brothers in the fourth quarter worth approximately $102,000. 84.28% of the stock is owned by institutional investors and hedge funds.

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About Toll Brothers

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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