Farringdon Capital Ltd. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Farringdon Capital Ltd. bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,721 shares of the construction company’s stock, valued at approximately $469,000.

Other large investors have also recently made changes to their positions in the company. Zacks Investment Management raised its position in Toll Brothers by 0.6% during the 4th quarter. Zacks Investment Management now owns 46,685 shares of the construction company’s stock valued at $5,880,000 after purchasing an additional 282 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $29,215,000. NewEdge Advisors LLC lifted its stake in Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after acquiring an additional 100 shares during the period. Insigneo Advisory Services LLC grew its holdings in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after acquiring an additional 89 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in Toll Brothers by 13.0% during the 4th quarter. Evergreen Capital Management LLC now owns 4,079 shares of the construction company’s stock valued at $514,000 after purchasing an additional 468 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

NYSE TOL opened at $93.87 on Friday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock’s fifty day moving average price is $106.79 and its 200 day moving average price is $130.70. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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 net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TOL. Keefe, Bruyette & Woods lowered their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Citigroup reduced their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company cut their target price on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.79.

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.