Insider Selling: Toll Brothers Inc. (TOL) Director Sells $515,613.00 in Stock

Toll Brothers Inc. (NYSE:TOL) Director Carl B. Marbach sold 12,900 shares of Toll Brothers stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now directly owns 114,149 shares in the company, valued at approximately $4,562,535.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Toll Brothers Inc. (NYSE:TOL) opened at 39.41 on Friday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 14.69 and a beta of 1.49. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07. The company has a 50 day moving average price of $38.87 and a 200-day moving average price of $37.76.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that Toll Brothers Inc. will post $3.20 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. NewSquare Capital LLC acquired a new stake in Toll Brothers in the 2nd quarter valued at approximately $101,000. Advisors Asset Management Inc. increased its position in Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after acquiring an additional 1,017 shares during the period. IFP Advisors Inc increased its position in Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after acquiring an additional 2,152 shares during the period. US Bancorp DE increased its position in Toll Brothers by 1.8% in the 1st quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after acquiring an additional 49 shares during the period. Finally, Toronto Dominion Bank increased its position in Toll Brothers by 10.1% in the 1st quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after acquiring an additional 339 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

TOL has been the topic of several research analyst reports. Buckingham Research lowered Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. BidaskClub lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Credit Suisse Group initiated coverage on Toll Brothers in a research report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Finally, Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.67.

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.

Insider Buying and Selling by Quarter for Toll Brothers (NYSE:TOL)

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