Insider Selling: Toll Brothers (NYSE:TOL) Director Sells 3,812 Shares of Stock

Key Points

• Paul Shapiro, a director at Toll Brothers, sold 3,812 shares of stock at an average price of $147.65, totaling approximately $562,842, which decreased his ownership in the company by 3.11%.
• Toll Brothers reported a quarterly EPS of $3.73, surpassing expectations and achieving 8% revenue growth year-over-year, with a total revenue of $2.95 billion for the quarter.
• Institutional investors now own 91.76% of Toll Brothers' stock, with several large investors significantly increasing their holdings in the company during recent quarters.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Paul Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Toll Brothers Price Performance

Shares of TOL stock traded up $0.61 during trading hours on Monday, hitting $147.98. The company's stock had a trading volume of 1,497,988 shares, compared to its average volume of 1,786,276. The business has a fifty day moving average of $126.77 and a 200-day moving average of $112.44. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.97 and a beta of 1.33. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.60 earnings per share. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is presently 7.35%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TOL shares. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.07.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently made changes to their positions in TOL. Sound Income Strategies LLC grew its holdings in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Brooklyn Investment Group grew its holdings in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC grew its holdings in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after purchasing an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.