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

Ruffer LLP cut its position in Toll Brothers Inc. (NYSE:TOL) by 59.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,670 shares of the construction company’s stock after selling 35,009 shares during the quarter. Ruffer LLP’s holdings in Toll Brothers were worth $3,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Root Financial Partners LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $44,000. FNY Investment Advisers LLC acquired a new position in shares of Toll Brothers in the second quarter worth approximately $64,000. Global Retirement Partners LLC raised its holdings in Toll Brothers by 1,112.8% during the 3rd quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after purchasing an additional 523 shares during the last quarter. Friedenthal Financial lifted its position in shares of Toll Brothers by 587.2% in the 3rd quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock worth $103,000 after purchasing an additional 640 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Toll Brothers by 201.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after purchasing an additional 585 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Toll Brothers 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 transaction of $581,586.20. Following the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TOL shares. UBS Group dropped their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Citigroup assumed coverage on Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Zacks Research cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. The Goldman Sachs Group raised their price objective on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, BTIG Research assumed coverage on shares of Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.40.

Toll Brothers Stock Performance

Shares of TOL stock opened at $144.98 on Thursday. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $139.96 and a two-hundred day simple moving average of $135.42. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $151.10. The firm has a market capitalization of $13.77 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate 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 return on equity of 16.74% and a net margin of 12.28%.The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.63 earnings per share. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

About Toll Brothers

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.