Ruffer LLP Sells 35,009 Shares of Toll Brothers Inc. $TOL

Ruffer LLP decreased its stake in Toll Brothers Inc. (NYSE:TOL) by 59.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,670 shares of the construction company’s stock after selling 35,009 shares during the period. Ruffer LLP’s holdings in Toll Brothers were worth $3,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kaufman Rossin Wealth LLC raised its holdings in shares of Toll Brothers by 2.3% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company’s stock worth $533,000 after purchasing an additional 86 shares during the period. Farther Finance Advisors LLC increased its position in Toll Brothers by 6.5% in the second quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock worth $169,000 after buying an additional 90 shares during the last quarter. Applied Finance Capital Management LLC raised its stake in shares of Toll Brothers by 4.0% in the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock valued at $294,000 after buying an additional 100 shares during the period. HM Payson & Co. lifted its position in shares of Toll Brothers by 6.0% during the 3rd quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock valued at $243,000 after buying an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of Toll Brothers by 4.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,502 shares of the construction company’s stock worth $315,000 after acquiring an additional 107 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $144.98 on Thursday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $151.10. The stock has a fifty day moving average of $139.96 and a 200 day moving average of $135.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.12 and a beta of 1.43.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.63 EPS. On average, research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Analyst Upgrades and Downgrades

TOL has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Citizens Jmp initiated coverage on shares of Toll Brothers in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $175.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Zacks Research downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.40.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.