Stephen F. East Sells 1,500 Shares of Toll Brothers, Inc. (NYSE:TOL) Stock

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) Director Stephen F. East sold 1,500 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares of the company's stock, valued at $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Toll Brothers Trading Down 2.0 %

NYSE:TOL traded down $2.36 during trading hours on Monday, reaching $117.86. The company's stock had a trading volume of 1,296,263 shares, compared to its average volume of 1,399,860. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.00 and a beta of 1.66. The firm has a 50-day simple moving average of $116.38 and a 200-day simple moving average of $98.15. Toll Brothers, Inc. has a 1 year low of $59.46 and a 1 year high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Research analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's dividend payout ratio (DPR) is presently 7.11%.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently added to or reduced their stakes in TOL. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers in the first quarter valued at about $34,000. Rise Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter valued at about $35,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Toll Brothers in the fourth quarter valued at about $36,000. Hobbs Group Advisors LLC purchased a new position in shares of Toll Brothers in the fourth quarter valued at about $39,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Toll Brothers in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Wolfe Research raised shares of Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 price target for the company in a report on Monday, January 8th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Oppenheimer raised their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $113.80.

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.