Christine Garvey Sells 204 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL) Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Christine Garvey also recently made the following trade(s):

• On Tuesday, December 24th, Christine Garvey sold 21 shares of Toll Brothers stock. The shares were sold at an average price of $126.77, for a total value of $2,662.17.

Toll Brothers Stock Down 0.1 %

NYSE:TOL opened at $125.95 on Thursday. 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 50 day moving average of $146.57 and a 200-day moving average of $140.04. The firm has a market capitalization of $12.60 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion during 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%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.11 EPS. Analysts predict that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Toll Brothers in the 3rd quarter valued at approximately $111,562,000. Pacer Advisors Inc. boosted its position 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 acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers during the third quarter valued at $38,985,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $152.53.

About Toll Brothers

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.