Stephen F. East Sells 2,500 Shares of Toll Brothers Inc. (NYSE:TOL) Stock

Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Stephen F. East sold 2,500 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Toll Brothers Stock Up 0.7%

NYSE TOL traded up $0.85 on Thursday, reaching $117.59. The company had a trading volume of 1,330,837 shares, compared to its average volume of 1,617,284. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a 50-day moving average of $110.17 and a 200-day moving average of $112.51. The firm has a market capitalization of $11.55 billion, a PE ratio of 8.72, a P/E/G ratio of 1.21 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $3.38 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TOL. Greenhaven Associates Inc. lifted its holdings in shares of Toll Brothers by 0.7% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company's stock worth $639,347,000 after purchasing an additional 39,334 shares during the last quarter. FMR LLC increased its position in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after buying an additional 410,394 shares during the period. Geode Capital Management LLC lifted its stake in Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after buying an additional 35,001 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock worth $227,988,000 after acquiring an additional 375,372 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after purchasing an additional 236,402 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Barclays restated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $141.85.

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.

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