Toll Brothers Inc. (NYSE:TOL – Get Free Report) COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Toll Brothers Trading Up 6.5%
Shares of Toll Brothers stock opened at $160.84 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The firm has a 50-day moving average of $141.48 and a 200-day moving average of $143.29. Toll Brothers Inc. has a 52-week low of $110.64 and a 52-week high of $168.36. The stock has a market cap of $15.03 billion, a PE ratio of 12.17, a PEG ratio of 1.25 and a beta of 1.36.
Toll Brothers (NYSE:TOL – Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $3.50 earnings per share. Toll Brothers’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.
Toll Brothers Dividend Announcement
Institutional Trading of Toll Brothers
Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Toll Brothers by 3,700.7% in the first quarter. Pacer Advisors Inc. now owns 430,356 shares of the construction company’s stock valued at $58,731,000 after acquiring an additional 419,033 shares during the last quarter. Ariadne Wealth Management LP lifted its stake in Toll Brothers by 6.6% during the first quarter. Ariadne Wealth Management LP now owns 2,244 shares of the construction company’s stock worth $306,000 after purchasing an additional 138 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Toll Brothers during the first quarter worth $8,215,000. Janus Henderson Group PLC boosted its holdings in shares of Toll Brothers by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 528,903 shares of the construction company’s stock valued at $72,209,000 after purchasing an additional 62,168 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $466,000. Institutional investors and hedge funds own 91.76% of the company’s stock.
Analyst Ratings Changes
TOL has been the topic of a number of analyst reports. Citigroup began coverage on Toll Brothers in a research report on Tuesday, June 9th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Barclays reduced their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. Finally, Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.
Read Our Latest Analysis on TOL
About Toll Brothers
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.
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