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Christine Garvey, a director at Toll Brothers , Inc. (NYSE:TOL), a $12.7 billion market cap homebuilder with a GREAT financial health score according to InvestingPro, recently sold shares in the company, according to a regulatory filing. On December 24, Garvey disposed of 21 shares of Toll Brothers' common stock at a price of $126.765 per share, resulting in a total transaction value of $2,662. Following this sale, Garvey holds 7,972 shares indirectly through a trust. The stock currently trades at an attractive P/E ratio of 8.3x, and InvestingPro analysis suggests the stock is trading below its Fair Value.
Additionally, on December 26, Garvey reported a transfer of 40 shares without any monetary exchange, a transaction classified under a different category. This transfer leaves her with 7,932 shares in the trust. The filing was signed by Michael J. Grubb, acting as attorney-in-fact for Garvey. Notably, management has been aggressively buying back shares, one of 14 key insights available on InvestingPro.
In other recent news, Toll Brothers, a luxury homebuilding company, has seen varied adjustments to its stock price target by several analyst firms. Raymond (NS:RYMD) James cut the company's target to $165 but retained a strong buy rating, following a review of the firm's fourth-quarter results that exceeded expectations. In contrast, JPMorgan downgraded the stock from Overweight to Neutral and reduced the price target to $150, citing anticipated changes in market conditions and the housing sector's fundamental outlook.
Meanwhile, RBC Capital Markets raised its price target for Toll Brothers to $150, maintaining an Outperform rating. The firm's evaluation is based on an anticipated rise in Toll Brothers' earnings per share (EPS) for the fiscal year 2025. On a similar note, Evercore ISI increased Toll Brothers' price target to $184, keeping an Outperform rating.
These recent developments reflect the analysts' varying views on Toll Brothers' future performance and market conditions. Despite the different price targets, all firms acknowledge Toll Brothers' strong financial health and profitability metrics.
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