Insider Trading at Toll Brothers Inc?

Cornelia Mascio
Marzo 15, 2017

Toll Brothers Inc (NYSE:TOL)'s stock had its "neutral" rating restated by equities research analysts at Wedbush in a note issued to investors on Wednesday.

Investors expected a price target of 0.67 for this quarter. Toronto Dominion Bank raised its position in shares of Toll Brothers by 17.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 52,331 shares of the company's stock valued at $1,408,000 after buying an additional 751 shares in the last quarter.

"Toll Brothers Inc (TOL) President Richard T. Hartman Sells 20,000 Shares" was first reported by BBNS and is the sole property of of BBNS. Over the last week of the month, it was 2.37%, 8.85% over the last quarter, and 22.48% for the past six months.

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. FNY Managed Accounts LLC purchased a new position in Toll Brothers during the third quarter valued at about $302,000. Gamco Investors INC. ET AL bought a new position in shares of Toll Brothers during the fourth quarter worth about $202,000. 13 Analysts think that the Price Target for Toll Brothers Inc. The stock has 52-week high of $36.74 and 52-week low of $25.29. The firm's stock has a market capitalization of $5.72 bln. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 8.28% where SMA50 and SMA200 are 12.39% and 21.71% respectively.

As for as concerns shares volumes, in share of capital Toll Brothers, Inc. During the same quarter in the prior year, the company posted $0.40 earnings per share. The high end of the revenue guidance is $1.5 Billion and the low end is $1.36 Billion. Builders FirstSource, Inc. (NASDAQ:BLDR) has a Return on Assets of 4.9 percent, Return on Equity of 63.2 percent, while Return on Investment of 16.7 percent. Toll Brothers's revenue for the quarter was down.9% compared to the same quarter past year.

In the last trading session, The Company traded 2.85 Million shares.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.88%.

A number of brokerages have recently issued reports on TOL.

Toll Brothers (NYSE:TOL) last posted its earnings results on Wednesday, February 22nd. They issued a "hold" rating and a $29.00 target price for the company. Evercore ISI initiated coverage on shares of Toll Brothers in a research report on Monday, November 14th. They now have a $32.00 price objective on the stock. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. Toll Brothers now has an average rating of "Hold" and a consensus price target of $35.08.

On 2/24/2017 Edward G Boehne, Director, sold 17,000 with an average share price of $33.68 per share and the total transaction amounting to $572,560.00. The shares were sold at an average price of $32.00, for a total transaction of $160,576.00. The stock soared 9.11 percent over the last 6 months. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

In related news, CEO Douglas C. Jr.

In the transaction dated March 08, 2017, the great number of shares disposed came courtesy the CEO; Yearley Douglas C. Jr. disposed a total of 8,250 shares at an average price of $36, amounting to approximately $297,000. The Insider Ownership of the company now is 5 percent, and Institutional Ownership is 84.1 percent. The disclosure for this sale can be found here.

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