Toll Brothers (NYSE:TOL) Chairman Douglas Jr. Yearley Sells 77,957 Shares of Stock

Toll Brothers Inc. (NYSE:TOL) Chairman Douglas Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Toll Brothers Stock Performance

Shares of TOL opened at $155.66 on Friday. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.24 and a beta of 1.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $140.31 and its two-hundred day moving average is $142.89. Toll Brothers Inc. has a 52-week low of $105.65 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. Analysts forecast that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio is 7.87%.

Key Headlines Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Toll Brothers opened new luxury home communities and model centers in Germantown, Maryland; Cumming, Georgia; Princeton, New Jersey; Las Vegas, Nevada; and Santa Clara, California, reinforcing its growth pipeline and expansion in high-end housing markets.
• Positive Sentiment: The company confirmed a quarterly cash dividend of $0.26 per share, underscoring shareholder returns and financial stability. Toll Brothers Announces Cash Dividend
• Positive Sentiment: Recent coverage highlighted investor interest in Toll Brothers’ valuation discount and noted the stock has outperformed since its last earnings report, suggesting sentiment remains constructive. Why Is Toll Brothers (TOL) Up 9.8% Since Last Earnings Report?
• Neutral Sentiment: The chairman, Douglas C. Jr. Yearley, sold 77,957 shares at $156.58, a notable insider transaction that could be viewed as routine profit-taking but may slightly weigh on sentiment. SEC Form 4 Filing

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its stake in Toll Brothers by 3,700.7% during the first quarter. Pacer Advisors Inc. now owns 430,356 shares of the construction company’s stock worth $58,731,000 after acquiring an additional 419,033 shares during the period. Ariadne Wealth Management LP grew its holdings in shares of Toll Brothers by 6.6% during the first quarter. Ariadne Wealth Management LP now owns 2,244 shares of the construction company’s stock valued at $306,000 after purchasing an additional 138 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Toll Brothers during the first quarter valued at approximately $8,215,000. Janus Henderson Group PLC lifted its stake in Toll Brothers by 13.3% in the first quarter. Janus Henderson Group PLC now owns 528,903 shares of the construction company’s stock valued at $72,209,000 after buying an additional 62,168 shares during the last quarter. Finally, Bull Harbor Capital LLC bought a new position in shares of Toll Brothers during the first quarter worth about $466,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TOL shares. Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Barclays cut their price objective on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Benchmark initiated coverage on Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Truist Financial decreased their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.56.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.