Shares of Toll Brothers Inc (NYSE:TOL) gapped down before the market opened on Wednesday . The stock had previously closed at $38.12, but opened at $36.91. Toll Brothers shares last traded at $35.26, with a volume of 5,861,515 shares traded.

TOL has been the subject of several recent analyst reports. Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Zacks Investment Research cut Toll Brothers from a “hold” rating to a “sell” rating and set a $37.00 target price for the company. in a research note on Wednesday, July 24th. ValuEngine cut Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. SunTrust Banks initiated coverage on Toll Brothers in a research note on Monday, August 12th. They set a “hold” rating and a $37.00 target price for the company. Finally, Raymond James cut Toll Brothers from an “outperform” rating to a “market perform” rating and set a $35.39 target price for the company. in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Toll Brothers has a consensus rating of “Hold” and an average price target of $35.49.

The company has a debt-to-equity ratio of 0.73, a current ratio of 7.68 and a quick ratio of 1.30. The stock has a 50 day simple moving average of $36.10 and a two-hundred day simple moving average of $36.72. The company has a market cap of $5.07 billion, a PE ratio of 7.49, a PEG ratio of 1.05 and a beta of 0.98.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.18. Toll Brothers had a return on equity of 15.57% and a net margin of 10.01%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers Inc will post 3.86 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, July 11th. Toll Brothers’s dividend payout ratio is currently 9.34%.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $37.01, for a total value of $629,170.00. Following the completion of the sale, the director now owns 64,304 shares in the company, valued at $2,379,891.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carl B. Marbach sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $35.14, for a total value of $105,420.00. Following the completion of the sale, the director now owns 85,463 shares of the company’s stock, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,200 shares of company stock valued at $742,192. 9.69% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TOL. Quadrant Capital Group LLC increased its holdings in shares of Toll Brothers by 309.0% in the first quarter. Quadrant Capital Group LLC now owns 953 shares of the construction company’s stock valued at $32,000 after purchasing an additional 720 shares during the period. Sandy Spring Bank increased its holdings in shares of Toll Brothers by 150.1% in the first quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock valued at $39,000 after purchasing an additional 647 shares during the period. CWM LLC acquired a new position in shares of Toll Brothers in the first quarter valued at approximately $53,000. Penserra Capital Management LLC acquired a new position in shares of Toll Brothers in the first quarter valued at approximately $57,000. Finally, Captrust Financial Advisors increased its holdings in shares of Toll Brothers by 51.9% in the second quarter. Captrust Financial Advisors now owns 2,070 shares of the construction company’s stock valued at $76,000 after purchasing an additional 707 shares during the period. Institutional investors own 82.10% of the company’s stock.

Toll Brothers Company Profile (NYSE:TOL)

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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