Traders Purchase Large Volume of Toll Brothers Call Options (NYSE:TOL)

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Toll Brothers Inc (NYSE:TOL) was the target of some unusual options trading on Monday. Stock investors purchased 9,407 call options on the stock. This represents an increase of 1,281% compared to the average volume of 681 call options.

Shares of NYSE:TOL opened at $39.40 on Wednesday. The firm has a market capitalization of $5.74 billion, a PE ratio of 8.37, a P/E/G ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.43 and a quick ratio of 1.21. The business has a 50-day moving average of $40.20 and a two-hundred day moving average of $37.91. Toll Brothers has a 12 month low of $30.51 and a 12 month high of $41.70.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.12. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.19 billion. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.08 earnings per share. As a group, research analysts anticipate that Toll Brothers will post 3.91 earnings per share for the current year.

TOL has been the subject of several analyst reports. Raymond James upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $1.00 to $45.00 in a research note on Wednesday, September 25th. Goldman Sachs Group initiated coverage on Toll Brothers in a research note on Friday, December 6th. They issued a “neutral” rating and a $42.00 target price for the company. Susquehanna Bancshares lowered Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Monday, October 14th. Zacks Investment Research upgraded Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research note on Monday, August 26th. Finally, JMP Securities reiterated a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.75.

In related news, CAO Michael J. Grubb sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $40.96, for a total value of $40,960.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,283 shares in the company, valued at $93,511.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 46,875 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $38.30, for a total value of $1,795,312.50. Following the completion of the transaction, the chief executive officer now owns 345,273 shares of the company’s stock, valued at $13,223,955.90. The disclosure for this sale can be found here. Insiders sold 154,008 shares of company stock worth $6,113,365 over the last 90 days. Company insiders own 9.69% of the company’s stock.

A number of large investors have recently made changes to their positions in TOL. Strs Ohio increased its stake in Toll Brothers by 300,725.0% during the second quarter. Strs Ohio now owns 12,033 shares of the construction company’s stock worth $440,000 after acquiring an additional 12,029 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Toll Brothers during the second quarter worth about $91,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Toll Brothers by 4.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock worth $272,000 after acquiring an additional 350 shares during the last quarter. SG Americas Securities LLC increased its stake in Toll Brothers by 84.6% during the second quarter. SG Americas Securities LLC now owns 59,124 shares of the construction company’s stock worth $2,165,000 after acquiring an additional 27,092 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Toll Brothers by 12.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,300 shares of the construction company’s stock worth $1,256,000 after acquiring an additional 3,860 shares during the last quarter. Institutional investors own 84.39% of the company’s stock.

About Toll Brothers

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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