Toll Brothers Inc. (NYSE:TOL) Director Christine Garvey Sells 770 Shares

Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Christine Garvey sold 770 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% 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 link.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $0.85 on Thursday, hitting $117.59. 1,330,837 shares of the company were exchanged, compared to its average volume of 1,615,951. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The company has a 50-day moving average price of $110.17 and a 200 day moving average price of $112.51. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the firm posted $3.38 earnings per share. The firm's quarterly revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is presently 7.42%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new position in Toll Brothers in the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC lifted its stake in Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Brooklyn Investment Group lifted its stake in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its stake in Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares in the last quarter. Finally, Quarry LP lifted its stake in Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after purchasing an additional 290 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. Raymond James Financial restated a "strong-buy" rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Oppenheimer lowered their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Evercore ISI reiterated an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada lowered their price objective on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.85.

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.