Paul E. Shapiro, a director at Toll Brothers , Inc. (NYSE:TOL), recently executed a sale of company stock, according to a filing with the Securities and Exchange Commission. On December 16, Shapiro sold 3,837 shares of Toll Brothers common stock. The shares were sold at an average price of approximately $134.14, generating a total transaction value of $514,697. The transaction comes as Toll Brothers demonstrates strong financial health, with InvestingPro data showing the company maintains a robust current ratio of 4.74 and operates with moderate debt levels.
In addition to the sale, Shapiro exercised stock options to acquire 3,837 shares at a price of $32.49 per share, which aligns with the same number of shares sold. This transaction was completed on the same day as the sale. Following these transactions, Shapiro holds 119,937 shares of Toll Brothers stock. According to InvestingPro analysis, the company's stock has shown impressive performance with a 32% return over the past year, while trading at an attractive P/E ratio of 8.7x.
Toll Brothers, Inc., headquartered in Fort Washington, Pennsylvania, is a prominent builder in the luxury home market. The company is listed on the New York Stock Exchange under the ticker TOL. The company has demonstrated strong profitability with a gross margin of 28.45% and maintains consistent shareholder returns, having raised its dividend for 4 consecutive years. Discover more insights about TOL and 1,400+ other stocks with comprehensive Pro Research Reports available on InvestingPro.
In other recent news, Toll Brothers, a luxury homebuilding company, has seen a range of adjustments to its stock price target by financial analysts. Raymond (NS:RYMD) James reduced its target from $170 to $165, maintaining a strong buy rating following a review of the company's fourth-quarter results. Despite a month-to-date fall of 18% in Toll Brothers' shares, Raymond James believes the company's leading position in the luxury segment offers some insulation against potential margin pressures anticipated in 2025.
RBC Capital Markets, on the other hand, increased its price target for Toll Brothers to $150 from $143, maintaining an outperform rating. This adjustment is based on expectations of higher product deliveries and average selling prices. Despite investor skepticism, Toll Brothers has shown improvement in near-term demand compared to typical seasonal patterns.
Evercore ISI also raised its price target for Toll Brothers to $184 from the previous $181, maintaining an outperform rating. The adjustment was made following the company's fourth-quarter performance and updated margin outlook. The company's commitment to a "land-light" strategy, expected to enhance its ability to generate strong cash flow, was also highlighted.
On the contrary, JPMorgan downgraded Toll Brothers from overweight to neutral, reducing the price target to $150 from $166. This adjustment reflects expectations of a less favorable demand and supply environment for the housing market in 2025. JPMorgan's outlook indicates potential margin and return on equity contraction in 2025. These are the recent developments concerning Toll Brothers.
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