Stephen East Sells 1,000 Shares of Toll Brothers (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL) Director Stephen East sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toll Brothers Stock Performance

TOL opened at $146.54 on Friday. Toll Brothers Inc. has a 1-year low of $90.78 and a 1-year high of $168.36. The company has a 50 day simple moving average of $146.32 and a two-hundred day simple moving average of $141.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The firm has a market cap of $13.88 billion, a P/E ratio of 10.47, a PEG ratio of 1.09 and a beta of 1.49.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers’s payout ratio is presently 7.43%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TOL. The Goldman Sachs Group boosted their target price on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Truist Financial lowered their target price on shares of Toll Brothers from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.44.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of the business. Greenhaven Associates Inc. raised its stake in Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after purchasing an additional 22,218 shares in the last quarter. Capital World Investors raised its stake in Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Toll Brothers by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock valued at $400,745,000 after purchasing an additional 39,987 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in Toll Brothers by 78.0% during the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after purchasing an additional 974,567 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.