Dallas, Texas 12/25/2013 (FINANCIALSTRENDS) – Chairman of Toll Brothers Inc (NYSE:TOL), Robert Toll sold 400,000 shares of the company’s stock in the transaction dated Friday, 20 December. These shares were sold at an average-price of $34.31, and the total transaction value was $13,724,000.00. Post completion of this sale, Robert Toll now directly owns 10,130,601 shares of Toll Brothers Inc (NYSE:TOL) company’s stock, which is valued at around $347,580,920. This transaction was disclosed in a legal-filing with the SEC.
Numerous analysts have weighed on the Toll Brothers Inc (NYSE:TOL) stock lately. Zacks analysts reiterated their “neutral” rating on Toll Brothers Inc (NYSE:TOL) shares on Thursday, 12 December and currently have set a PT of $34.00 on the stock. RBC Capital analysts raised their Pt on Toll Brothers Inc (NYSE:TOL) shares from $30.00 to $35.00 on Wednesday, 11 December and currently have a “sector perform” rating on the Toll Brothers Inc (NYSE:TOL) stock.
Sterne Agee analysts upped their price target on Toll Brothers shares from $25.00 to $28.00 on Wednesday, 11 December and currently have an “underperform” rating on the company stock. Two research-analysts have rated the Toll Brothers Inc (NYSE:TOL) stock with a “sell” rating, 9 have issued a “hold” rating, 10 have given a “buy” rating and 1 has issued a “strong buy” rating to the stock. Currently, the average rating on the stock is a “Hold” and the average PT is $37.19.
About the company
Toll Brothers Inc (NYSE:TOL) is involved in designing, building, marketing and arranging financing for attached and detached single-family homes in various luxury residential communities. It is also involved, directly as well as via JV’s in numerous projects where it is building/ converting rental-apartment buildings into, high- and mid- as well as low-rise luxury homes. Toll Brothers Inc (NYSE:TOL) caters to empty-nester, move-up, active-adult, age-qualified & 2nd-home buyers across 19 states in the U.S.
