Toll Brothers Inc. (NYSE:TOL) CAO Sells $60,000.00 in Stock

Toll Brothers Inc. (NYSE:TOL - Get Free Report) CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toll Brothers Stock Performance

Toll Brothers stock traded up $0.85 during midday trading on Thursday, reaching $117.59. The stock had a trading volume of 1,330,837 shares, compared to its average volume of 1,615,951. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm's 50-day moving average price is $110.17 and its 200 day moving average price is $112.51. The firm has a market capitalization of $11.55 billion, a PE ratio of 8.72, a P/E/G ratio of 1.18 and a beta of 1.36. 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 issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.38 earnings per share. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on TOL shares. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average price target of $141.85.

Institutional Trading of Toll Brothers

Institutional investors have recently made changes to their positions in the stock. Greenleaf Trust bought a new position in shares of Toll Brothers during the second quarter valued at approximately $211,000. HB Wealth Management LLC raised its holdings in shares of Toll Brothers by 12.0% during the second quarter. HB Wealth Management LLC now owns 2,563 shares of the construction company's stock valued at $293,000 after acquiring an additional 274 shares in the last quarter. Consolidated Capital Management LLC raised its holdings in shares of Toll Brothers by 3.5% during the second quarter. Consolidated Capital Management LLC now owns 32,874 shares of the construction company's stock valued at $3,752,000 after acquiring an additional 1,123 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in shares of Toll Brothers by 55.8% during the second quarter. ORG Wealth Partners LLC now owns 3,080 shares of the construction company's stock valued at $363,000 after acquiring an additional 1,103 shares in the last quarter. Finally, Paragon Capital Management Ltd bought a new position in shares of Toll Brothers during the second quarter valued at approximately $222,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

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.