Toll Brothers director sells shares near year low

WASHINGTON, Jan 7 (Reuters) - A director at luxury home building Toll Brothers Inc (TOL.N) recently sold 48,000 shares near the stock's year low, reducing his stake by about 18.4 percent, according to a filing with the U.S. Securities and Exchange Commission on Monday.

Roger Hillas sold the shares on Jan. 3 and Jan. 4 at prices ranging from $17.60 to $19.45.

The transactions reduced his direct holdings in the company to 213,433 shares, the filing said.

U.S. home builder stocks have been sliding further recently, especially after government data showed that new home sales hit a 12-year low in November.

Shares of Toll Brothers were down 13 cents to $17.04 on the New York Stock Exchange on Monday after trading as low as $16.56.

The company stock hit a 52-week low on Jan. 4 when it traded at $16.95. The year high was on Feb. 2 at $35.64.

(Reporting by Karey Wutkowski; Editing by Brian Moss)

((karey.wutkowski@reuters.com; +1 202 898 8399; Reuters Messaging: karey.wutkowski.reuters.com@reuters.net)) Keywords: TOLLBROTHERS HILLAS/

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