Paul E. Shapiro Sells 3,837 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Toll Brothers Trading Down 1.4 %

Shares of TOL stock traded down $1.85 on Tuesday, reaching $132.73. 1,396,114 shares of the company’s stock were exchanged, compared to its average volume of 1,373,212. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.40 billion, a PE ratio of 8.95, a P/E/G ratio of 1.00 and a beta of 1.69. The company’s fifty day simple moving average is $152.76 and its 200 day simple moving average is $139.53.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $4.11 EPS. As a group, analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s payout ratio is currently 6.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after acquiring an additional 42,871 shares during the period. Geode Capital Management LLC grew its stake in Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the last quarter. FMR LLC grew its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the last quarter. Pacer Advisors Inc. grew its stake in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after buying an additional 541,140 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TOL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.53.

Toll Brothers Company Profile

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.