Toll Brothers Inc. (NYSE:TOL) President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business earned $0.61 EPS. The company’s revenue was up 18.3% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.70%. Toll Brothers’s payout ratio is 11.90%.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. World Asset Management Inc raised its holdings in shares of Toll Brothers by 1.8% in the 2nd quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock valued at $398,000 after purchasing an additional 181 shares in the last quarter. Toronto Dominion Bank raised its stake in Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares in the last quarter. Veritable L.P. raised its stake in Toll Brothers by 0.9% during the 2nd quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 237 shares in the last quarter. River Wealth Advisors LLC raised its stake in Toll Brothers by 1.8% during the 2nd quarter. River Wealth Advisors LLC now owns 19,770 shares of the construction company’s stock worth $781,000 after acquiring an additional 350 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its stake in Toll Brothers by 3.1% during the 2nd quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.
A number of brokerages recently commented on TOL. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. BidaskClub downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. UBS AG began coverage on shares of Toll Brothers in a research note on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price objective on shares of Toll Brothers in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.23.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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