Shares are trading at $44.36 which is marginally higher than $41.24, the 50 day moving average and much higher than the 200 day moving average of $38.94. The 50 day moving average went up by +7.57% whereas the 200 day average was up by +13.93%. 1,345K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 47.98% under the normal average daily volume.
Investors are feeling more bearish on Toll Brothers Inc. of late as implied by the motion in short interest. The stock experienced a rise in short interest from September 15, 2017 to September 29, 2017 of 9.57%. Short shares increased from 7,323,127 to 8,023,851 over that timeframe. Days to cover increased 1.0 to 4.0 and the percentage of shorted shares was 0.05% on September 29.
There has been some selling insider activity on Toll Brothers Inc. (NYSE:TOL) recently. Martin P. Connor, CFO reported the sale of 5,000 shares of (TOL). The shares were sold on October 19th for an average price of $43.45. The CFO now owns $1,426,724 of the stock per the Form 4 SEC filing. Carl B. Marbach, Director disclosed the sale of 12,900 shares. The shares were purchased at an average price of $39.97. Marbach now owns $4,046,923 of the stock according to the SEC filing.
Richard J. Braemer, Director disclosed the sale of 7,500 shares of TOL stock. The shares were sold on August 29th for an average price of $37.88. Braemer now owns $3,896,829 of the stock per the Form 4 SEC filing.
These firms have modified their investment in TOL. As of quarter end Wealthtrust-arizona, LLC had bought a total of 51 shares growing its stake by 12.7%. The value of the investment in (TOL) increased from $16,000 to $19,000 a change of 18.8% since the last quarter. Cutter & CO Brokerage, Inc. downsized its ownership by shedding 257 shares a decrease of 3.9% as of 09/30/2017. Cutter & CO Brokerage, Inc. controls 6,305 shares worth $261,000. The total value of its holdings increased 0.8%.
As of the end of the quarter Alpha Windward LLC had acquired 360 shares growing its position 3.0%. The value of the total investment in Toll Brothers Inc. went from $480,000 to $518,000 a change of $38,000 quarter over quarter. Robeco Institutional Asset Management B.v. bolstered its investment by buying 130,344 shares an increase of 651.3% in the quarter. Robeco Institutional Asset Management B.v. claims 150,356 shares with a value of $6,235,000. The value of the position overall is up by 688.2%.
On July 11 the company was downgraded to “Underweight” from “Equalweight” in a statement from Barclays. On September 14, 2017 the stock rating was changed to “Neutral” by JP Morgan a cut from the previous “Overweight” rating.
The company is trading up since yesterday’s close of 44.21. Additionally the company announced a dividend for shareholders to be paid on Friday October 27th, 2017. The dividend will be $0.080 per share for the quarter which comes to $0.32 on an annualized basis. The dividend yield will be $0.73. The ex-dividend date will be on Thursday the 12th of October 2017.
The most current P/E ratio is 16.53 and market cap is 7.02B. As of the last earnings report the EPS was $2.68 and is estimated to be $3.19 for the current year with 158,255,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.49 and the next full year EPS is anticipated to be $3.56.
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..