Toll Brothers Inc. (TOL) Director Stephen A. Novick Sells 85,000 Shares

Toll Brothers Inc. (NYSE:TOL) Director Stephen A. Novick sold 85,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $39.08, for a total value of $3,321,800.00. Following the sale, the director now owns 24,417 shares in the company, valued at $954,216.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Toll Brothers Inc. (NYSE:TOL) traded down 0.05% during trading on Friday, hitting $38.54. The stock had a trading volume of 1,755,598 shares. The stock’s 50 day moving average is $37.45 and its 200 day moving average is $34.40. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.89 and a beta of 1.56. Toll Brothers Inc. has a 52 week low of $25.29 and a 52 week high of $39.40.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.10. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Toll Brothers’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers Inc. will post $3.15 earnings per share for the current fiscal year.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in Toll Brothers during the fourth quarter valued at $229,000. Gideon Capital Advisors Inc. bought a new position in Toll Brothers during the fourth quarter valued at $202,000. Dynamic Technology Lab Private Ltd bought a new position in Toll Brothers during the fourth quarter valued at $383,000. Brown Advisory Inc. bought a new position in Toll Brothers during the fourth quarter valued at $705,000. Finally, Asset Management One Co. Ltd. boosted its position in Toll Brothers by 1,490.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 280,184 shares of the construction company’s stock valued at $8,694,000 after buying an additional 262,564 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.

A number of brokerages have recently weighed in on TOL. Bank of America Corporation reiterated a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. BidaskClub upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Friday. Mizuho started coverage on Toll Brothers in a research report on Tuesday, May 16th. They issued a “buy” rating and a $44.00 target price on the stock. Buckingham Research cut 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. Finally, Wedbush set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a research report on Friday, May 19th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.17.

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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