Martin P. Connor Sells 8,000 Shares of Toll Brothers Inc (NYSE:TOL) Stock

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Toll Brothers Inc (NYSE:TOL) CFO Martin P. Connor sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.44, for a total value of $323,520.00. Following the transaction, the chief financial officer now directly owns 76,504 shares of the company’s stock, valued at $3,093,821.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE TOL opened at $39.13 on Friday. The stock has a 50 day moving average price of $36.45 and a 200 day moving average price of $36.75. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $41.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 7.43. The stock has a market capitalization of $5.72 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers Inc will post 3.92 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in shares of Toll Brothers by 185.7% during the first quarter. Janus Henderson Group PLC now owns 57,182 shares of the construction company’s stock worth $2,070,000 after purchasing an additional 37,170 shares during the period. CIBC Asset Management Inc increased its position in Toll Brothers by 6.7% in the 1st quarter. CIBC Asset Management Inc now owns 10,496 shares of the construction company’s stock valued at $380,000 after buying an additional 660 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Toll Brothers in the 1st quarter valued at about $813,000. New York State Teachers Retirement System increased its position in Toll Brothers by 2.0% in the 1st quarter. New York State Teachers Retirement System now owns 293,337 shares of the construction company’s stock valued at $10,619,000 after buying an additional 5,834 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in Toll Brothers by 0.5% in the 1st quarter. Mason Street Advisors LLC now owns 71,344 shares of the construction company’s stock valued at $2,583,000 after buying an additional 330 shares in the last quarter. 83.46% of the stock is owned by hedge funds and other institutional investors.

TOL has been the subject of several recent research reports. Bank of America set a $39.00 price objective on Toll Brothers and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Raymond James reaffirmed a “hold” rating on shares of Toll Brothers in a research report on Wednesday, August 21st. Zacks Investment Research raised Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research report on Monday, August 26th. ValuEngine cut Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Finally, SunTrust Banks initiated coverage on Toll Brothers in a research report on Monday, August 12th. They set a “hold” rating and a $37.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Toll Brothers presently has an average rating of “Hold” and an average target price of $36.37.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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