Toll Brothers (NYSE:TOL) has tumbled 2.69% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.91% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.53%. Toll Brothers (NYSE:TOL) has underperformed the index by 0.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Toll Brothers (NYSE:TOL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.61 and $27.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.82, notching a gain of 1.13% for the day. The total traded volume was 2,684,813 . The stock had closed at $27.51 on the previous day.
The company shares have dropped -26.23% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $42.19 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.82 and the 200 Day Moving Average price is recorded at $29.21.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Marbach Carl B, director of Toll Brothers Inc, had unloaded 3,000 shares at an average price of $29.12 in a transaction dated on May 26, 2016. The total value of the transaction was worth $87,360.
Many analysts have stated their opinion on the company shares. Zelman downgrades its rating on Toll Brothers (NYSE:TOL). Analysts at the Zelman have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 20, 2016. Currently the company Insiders own 10.51% of Toll Brothers shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.06% . Institutional Investors own 79.31% of Toll Brothers shares. During last six month period, the net percent change held by insiders has seen a change of -3.06%.
Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.