Toll Brothers (NYSE:TOL) Stock Price Down 4.3% – Here’s What Happened

Toll Brothers, Inc. (NYSE:TOL) traded down 4.3% on Friday . The stock traded as low as $126.30 and last traded at $127.27. 402,809 shares changed hands during trading, a decline of 72% from the average session volume of 1,437,763 shares. The stock had previously closed at $132.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TOL shares. Oppenheimer reiterated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Royal Bank of Canada raised their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, UBS Group lowered their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toll Brothers Trading Down 6.0 %

The company has a market cap of $12.49 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.76. The company’s 50 day simple moving average is $135.40 and its two-hundred day simple moving average is $142.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business earned $4.11 EPS. Toll Brothers’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the period. Smartleaf Asset Management LLC increased its stake in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares during the period. Finally, Nilsine Partners LLC raised its stake in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.