Toll Brothers (NYSE:TOL) Stock: Insider Stephen East Sells 800 Shares

Key Points

• Director Stephen East sold 800 Toll Brothers shares at an average price of $135.99, generating $108,792 and reducing his direct stake by 5.95% to 12,642 shares.
• Toll Brothers reported quarterly EPS of $2.97 and revenue of $2.66 billion, both exceeding analyst expectations, although revenue declined 9.7% year over year.
• The stock has a “Moderate Buy” consensus rating, with an average analyst price target of $166.93 versus a recent price of $137.19; the company also declared a quarterly dividend of $0.26 per share.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Stephen East sold 800 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the sale, the director directly owned 12,642 shares in the company, valued at $1,719,185.58. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Toll Brothers Stock Performance

NYSE TOL traded up $1.27 on Friday, hitting $137.19. 1,596,696 shares of the stock traded hands, compared to its average volume of 1,133,485. The business's fifty day moving average is $144.48 and its two-hundred day moving average is $143.43. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.11 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business's revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.73 earnings per share. As a group, equities analysts anticipate that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, October 9th. Toll Brothers's payout ratio is currently 8.35%.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in Toll Brothers by 9.8% during the 2nd quarter. QRG Capital Management Inc. now owns 11,858 shares of the construction company's stock worth $1,954,000 after acquiring an additional 1,059 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Toll Brothers by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 118,527 shares of the construction company's stock valued at $19,526,000 after purchasing an additional 10,067 shares during the period. State Street Corp grew its position in shares of Toll Brothers by 4.4% during the 2nd quarter. State Street Corp now owns 3,505,828 shares of the construction company's stock valued at $577,585,000 after purchasing an additional 146,163 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Toll Brothers by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 66,814 shares of the construction company's stock worth $11,008,000 after purchasing an additional 637 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Toll Brothers by 20.4% in the second quarter. Sequoia Financial Advisors LLC now owns 9,176 shares of the construction company's stock worth $1,512,000 after purchasing an additional 1,555 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TOL has been the subject of several recent research reports. UBS Group lifted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Citigroup upped their price target on shares of Toll Brothers from $176.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, August 21st. Truist Financial lifted their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Evercore set a $184.00 target price on shares of Toll Brothers in a report on Friday. Finally, Benchmark assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a "buy" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.93.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.

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