Ruffer LLP Acquires 18,910 Shares of Toll Brothers Inc. $TOL

Key Points

• Ruffer LLP increased its stake in Toll Brothers Inc. by 47.5%, acquiring an additional 18,910 shares, bringing its total holdings to 58,679 shares valued at approximately $6.7 million.
• Toll Brothers reported a quarterly earnings per share of $3.73, exceeding estimates, with an 8% year-over-year revenue increase, totaling $2.95 billion.
• The company has announced a quarterly dividend of $0.25 per share, with an annualized yield of 0.7%, payable on October 24th.

Ruffer LLP raised its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 47.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,679 shares of the construction company's stock after purchasing an additional 18,910 shares during the quarter. Ruffer LLP owned 0.06% of Toll Brothers worth $6,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TOL. Trail Ridge Investment Advisors LLC increased its stake in shares of Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after buying an additional 132 shares during the period. Left Brain Wealth Management LLC purchased a new position in shares of Toll Brothers during the first quarter valued at $317,000. MQS Management LLC purchased a new position in shares of Toll Brothers during the first quarter valued at $649,000. Financial Security Advisor Inc. purchased a new position in shares of Toll Brothers during the first quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Toll Brothers during the first quarter valued at $227,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $137.26 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The company has a market cap of $13.23 billion, a PE ratio of 10.09, a P/E/G ratio of 1.62 and a beta of 1.33. The business has a 50-day simple moving average of $132.83 and a two-hundred day simple moving average of $115.16. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the company earned $3.60 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's payout ratio is 7.35%.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the transaction, the chief executive officer directly owned 286,117 shares of the company's stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Bank of America lifted their target price on Toll Brothers from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Citigroup lifted their target price on Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Royal Bank Of Canada lifted their target price on Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Wedbush reiterated an "outperform" rating and issued a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.79.

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.

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