Toll Brothers Inc. (NYSE:TOL)’s Executive Chairman and Director, Robert Toll, sold 7,083 shares of Common Stock, directly, at a price of $37.2 per share yesterday. This is Toll’s second stock disposition in June, as the Chairman sold 2,700 shares for the same price in a transaction executed two weeks ago. Following the sale, Toll now holds a total of 10.120,818 shares of the $6.46 billion market cap enterprise to his name.
Furthermore, Toll isn’t the only insider taking action at the homebuilding firm. At the beginning of the month, Director Edward Boehne unloaded a bulk of 34,000 shares for $36.01 per share, leaving him with a remainder of 37,150 holdings. And just a week before, Director Richard Braemer sold 15,000 of his company shares, for a price of $36.17 per share.
This quarter also showed a new shareholder position amongst the hedge funds, with Charles Clough’s Clough Capital Partners. The hedge fund entered a position by purchasing 503,500 shares of Toll Brothers, with a value of $18 million.
Disclosure: none
