Toll Brothers (NYSE:TOL) Stock Price Down 3% – Should You Sell?

Toll Brothers, Inc. (NYSE:TOL)’s stock price dropped 3% during mid-day trading on Friday . The company traded as low as $148.40 and last traded at $149.09. Approximately 341,457 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,408,203 shares. The stock had previously closed at $153.74.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada boosted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Citigroup dropped their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Bank of America boosted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $147.07.

Toll Brothers Price Performance

The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $141.84 and a 200 day simple moving average of $128.86. The stock has a market capitalization of $15.39 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts expect that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,257 shares of company stock worth $28,646,402 over the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Register Financial Advisors LLC bought a new position in shares of Toll Brothers in the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the second quarter worth $29,000. Contravisory Investment Management Inc. bought a new position in Toll Brothers in the first quarter valued at $34,000. Massmutual Trust Co. FSB ADV increased its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Toll Brothers in the first quarter valued at $35,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.