Ruffer LLP Makes New $2.88 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Ruffer LLP acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 22,885 shares of the construction company’s stock, valued at approximately $2,882,000.

A number of other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC raised its stake in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $25,000. Finally, Promus Capital LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $29,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TOL. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Barclays cut their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Down 1.6 %

NYSE:TOL opened at $109.40 on Friday. Toll Brothers, Inc. has a 52-week low of $105.73 and a 52-week high of $169.52. The stock has a 50-day simple moving average of $125.14 and a 200 day simple moving average of $140.12. The company has a market cap of $10.88 billion, a PE ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.84%. Toll Brothers’s dividend payout ratio is currently 6.33%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.