Stock Traders Purchase Large Volume of Toll Brothers Put Options (NYSE:TOL)

Toll Brothers Inc (NYSE:TOL) saw some unusual options trading activity on Monday. Traders bought 7,848 put options on the company. This is an increase of 995% compared to the average daily volume of 717 put options.

A number of analysts have recently issued reports on TOL shares. Bank of America set a $39.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Goldman Sachs Group started coverage on shares of Toll Brothers in a research report on Friday, December 6th. They issued a “neutral” rating and a $42.00 price target for the company. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research report on Monday, August 26th. JMP Securities reissued a “hold” rating on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Seaport Global Securities started coverage on shares of Toll Brothers in a research report on Friday, August 23rd. They issued a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $38.75.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 46,875 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $38.30, for a total transaction of $1,795,312.50. Following the completion of the sale, the chief executive officer now directly owns 345,273 shares of the company’s stock, valued at $13,223,955.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $41.06, for a total transaction of $1,026,500.00. Following the sale, the chief executive officer now directly owns 273,398 shares of the company’s stock, valued at $11,225,721.88. The disclosure for this sale can be found here. Insiders have sold 154,008 shares of company stock valued at $6,113,365 over the last ninety days. Insiders own 9.69% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its holdings in Toll Brothers by 5.3% in the second quarter. Aperio Group LLC now owns 99,363 shares of the construction company’s stock worth $3,638,000 after buying an additional 4,974 shares during the last quarter. AQR Capital Management LLC increased its holdings in Toll Brothers by 6.5% in the second quarter. AQR Capital Management LLC now owns 2,007,588 shares of the construction company’s stock worth $73,518,000 after buying an additional 122,093 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in Toll Brothers in the second quarter worth approximately $222,000. Clear Harbor Asset Management LLC increased its holdings in Toll Brothers by 8.6% in the third quarter. Clear Harbor Asset Management LLC now owns 31,840 shares of the construction company’s stock worth $1,307,000 after buying an additional 2,510 shares during the last quarter. Finally, Ellington Management Group LLC acquired a new position in Toll Brothers in the second quarter worth approximately $2,165,000. Hedge funds and other institutional investors own 84.39% of the company’s stock.

NYSE TOL opened at $39.40 on Wednesday. The company has a 50 day simple moving average of $40.20 and a 200-day simple moving average of $37.91. Toll Brothers has a 52-week low of $30.51 and a 52-week high of $41.70. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.43 and a quick ratio of 1.21.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.12. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Toll Brothers will post 3.91 EPS for the current year.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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