Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley Sells 46,875 Shares

Toll Brothers Inc (NYSE:TOL) CEO Douglas C. Jr. Yearley sold 46,875 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $38.30, for a total transaction of $1,795,312.50. Following the sale, the chief executive officer now directly owns 345,273 shares of the company’s stock, valued at $13,223,955.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Toll Brothers stock traded up $0.05 during midday trading on Friday, hitting $38.51. The company had a trading volume of 1,426,023 shares, compared to its average volume of 1,926,424. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 7.43 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $35.94 and a 200 day simple moving average of $36.66. Toll Brothers Inc has a 12-month low of $28.68 and a 12-month high of $39.58.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. Toll Brothers’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. As a group, analysts expect that Toll Brothers Inc will post 3.92 EPS for the current year.

Several analysts have commented on the stock. Raymond James reissued a “hold” rating on shares of Toll Brothers in a research report on Wednesday, August 21st. ValuEngine lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. SunTrust Banks assumed coverage on shares of Toll Brothers in a research report on Monday, August 12th. They set a “hold” rating and a $37.00 price target for the company. Bank of America set a $39.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a research report on Wednesday, August 21st. Finally, Seaport Global Securities assumed coverage on shares of Toll Brothers in a research report on Friday, August 23rd. They set a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.37.

Several institutional investors have recently made changes to their positions in TOL. Boston Partners raised its position in shares of Toll Brothers by 72.2% in the 2nd quarter. Boston Partners now owns 3,826,466 shares of the construction company’s stock valued at $140,118,000 after purchasing an additional 1,604,139 shares during the last quarter. BlackRock Inc. raised its position in shares of Toll Brothers by 4.7% in the 1st quarter. BlackRock Inc. now owns 15,078,392 shares of the construction company’s stock valued at $545,837,000 after purchasing an additional 673,868 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Toll Brothers in the 2nd quarter valued at approximately $19,292,000. Janus Henderson Group PLC raised its position in shares of Toll Brothers by 794.8% in the 2nd quarter. Janus Henderson Group PLC now owns 511,688 shares of the construction company’s stock valued at $18,754,000 after purchasing an additional 454,506 shares during the last quarter. Finally, Carlson Capital L P purchased a new position in shares of Toll Brothers in the 2nd quarter valued at approximately $16,132,000. 81.55% of the stock is owned by hedge funds and other institutional investors.

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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