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Connor Martin P., the Chief Financial Officer of Toll Brothers , Inc. (NYSE:TOL), a $12.6 billion luxury homebuilder with a strong financial health rating according to InvestingPro, recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Martin sold 11,140 shares of common stock on December 30, 2024. The shares were sold at a volume-weighted average price of $126.07, with actual sale prices ranging from $125.77 to $126.30. This transaction amounted to a total value of approximately $1.4 million. Following this sale, Martin retains ownership of 20,618 shares in the company. The stock currently trades at an attractive P/E ratio of 8.3, and InvestingPro analysis suggests the stock is undervalued. For deeper insights into Toll Brothers' valuation and 13 additional ProTips, including management's aggressive share buyback program, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Toll Brothers, a luxury homebuilding company, has seen varied projections from different analyst firms. Raymond (NS:RYMD) James has reduced its price target for the company from $170 to $165, while maintaining a Strong Buy rating following a review of the company's strong fourth-quarter results. On the other hand, JPMorgan downgraded the stock from Overweight to Neutral and reduced its price target to $150, citing concerns about the future performance of the homebuilding sector.
RBC Capital Markets, however, has increased its price target for Toll Brothers to $150, maintaining an Outperform rating based on the anticipated rise in the company's earnings per share for the fiscal year 2025. Similarly, Evercore ISI raised its price target for the company to $184, also maintaining an Outperform rating, despite the company's lower-than-expected margin outlook.
These are recent developments, reflecting analysts' varied outlooks based on the company's performance and the broader market conditions. These projections come from comprehensive reviews and analysis of the company's financial health, profitability metrics, and expected future performance.
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