Edward G. Boehne Sells 17,000 Shares of Toll Brothers Inc (NYSE:TOL) Stock

Toll Brothers Inc (NYSE:TOL) Director Edward G. Boehne sold 17,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $37.01, for a total transaction of $629,170.00. Following the completion of the transaction, the director now directly owns 64,304 shares of the company’s stock, valued at approximately $2,379,891.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE TOL traded down $0.62 during mid-day trading on Tuesday, reaching $36.53. The company had a trading volume of 11,912 shares, compared to its average volume of 1,749,365. The company has a debt-to-equity ratio of 0.73, a current ratio of 7.68 and a quick ratio of 1.30. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $40.89.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.10. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.72 EPS. As a group, sell-side analysts forecast that Toll Brothers Inc will post 3.9 earnings per share for the current year.

TOL has been the subject of several analyst reports. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Raymond James set a $40.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a report on Friday, March 1st. Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Credit Suisse Group reaffirmed a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a report on Friday, February 15th. Finally, JPMorgan Chase & Co. downgraded shares of Toll Brothers from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $33.00 to $32.00 in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $36.40.

Large investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC grew its holdings in shares of Toll Brothers by 0.9% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 32,308 shares of the construction company’s stock worth $1,064,000 after buying an additional 275 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Toll Brothers by 0.5% during the first quarter. Mason Street Advisors LLC now owns 71,344 shares of the construction company’s stock worth $2,583,000 after purchasing an additional 330 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Toll Brothers by 2.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,455 shares of the construction company’s stock worth $608,000 after purchasing an additional 400 shares in the last quarter. HighTower Advisors LLC raised its holdings in Toll Brothers by 3.7% in the first quarter. HighTower Advisors LLC now owns 12,283 shares of the construction company’s stock valued at $443,000 after acquiring an additional 434 shares in the last quarter. Finally, Bank Hapoalim BM increased its stake in Toll Brothers by 3.2% during the first quarter. Bank Hapoalim BM now owns 16,000 shares of the construction company’s stock valued at $579,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

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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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