Here is the rundown on market activity for Toll Brothers Inc. Common Stock (NYSE:TOL). Richard J. Braemer, Director disclosed the sale of 15,000 shares. The shares were sold on June 8th for an average price of $37.74. The Director now owns $3,882,427 of the stock according to the SEC filing. CFO Martin P. Connor let go of 2,000 shares at an average price of $38.45 on Fri the 2nd. That brings the CFO’s holdings to $1,262,544 as recorded in a recent Form 4 SEC filing.
CEO Douglas C. Jr. Yearley disclosed the sale of 10,000 shares of TOL stock. The shares were purchased at an average price of $38.50. Yearley now owns $7,175,322 of the stock per the Form 4 SEC filing.
Toll Brothers, Inc., launched on May 28, 1986, is involved 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. City Living is the Business’s urban development division. Its products include Traditional Home Building Product and City Living Product. Its Traditional Home Building Product includes detached homes, move-up, executive, estate, and active-adult and age-qualified lines of home. Attached homes include flats townhouses/carriage homes, city living product, and active-adult and age-qualified line of homes. The Company operates its own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly and manufacturing operations. As of October 31, 2016, the Company operated in 19 states..
The following firms have also recently changed their position in TOL. As of the end of the quarter Clearbridge Investments, LLC had sold 15 shares trimming its holdings by 0.0%. The value of the investment in (TOL) increased from $18,243,000 to $21,250,000 a change of 16.5% quarter over quarter. Proficio Capital Partners LLC expanded its investment by buying 167 shares an increase of 99.4% in the quarter. Proficio Capital Partners LLC controls 335 shares worth $13,000. The value of the position overall is up by 160.0%.
Fny Managed Accounts LLC divested its ownership by selling 8,675 shares a decrease of 85.9%. Fny Managed Accounts LLC now controls 1,425 shares valued at $51,000. The total value of its holdings decreased 83.1%. Morgan Stanley added to its position by buying 1,251 shares an increase of 16.3% as of 03/31/2017. Morgan Stanley claims 8,939 shares with a value of $323,000. The total value of its holdings increased 35.7%.
On May 17 analysts at Mizuho started coverage with a rating of “Buy”. On December 6 Deutsche Bank left the company rating at “Buy” and raised the price target from $40.00 to $42.00.
Wedbush starting coverage on the stock by announcing an initial rating of “Neutral”. Equity analyst Evercore ISI Group issued its first research report on the stock with an initial rating of “Hold”.
On September 29, 2016 Wells Fargo starting coverage on TOL giving it an initial rating of “Outperform”. August 24 investment analysts at Citigroup made no change to the stock rating of “Market Perform” but moved down the price target to $35.00 from $39.00.
The company is so far trading up since yesterday’s close of $37.845. Additionally Toll Brothers Inc. Common Stock declared a dividend for shareholders that was paid on Friday April 28th, 2017. The dividend was $0.080 per share for the quarter or $0.32 on an annualized basis. The dividend yield was $0.85. The ex-dividend date was Tuesday the 11th of April 2017.
Company chares are trading at $37.99 a bit higher than $37.10, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $34.13. The 50 day moving average was up by +2.29% and the 200 day average moved up $3.82.
The P/E ratio is 15.65 and market capitalization is 6.21B. In the last earnings report the EPS was $2.42 and is projected to be $3.15 for the current year with 163,574,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.32 with next year’s EPS anticipated to be $3.47.