Oxford Asset Management LLP Buys Shares of 6,677 Toll Brothers, Inc. (NYSE:TOL)

Oxford Asset Management LLP acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,677 shares of the construction company’s stock, valued at approximately $841,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Norges Bank bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $149,924,000. D1 Capital Partners L.P. bought a new position in Toll Brothers in the fourth quarter worth about $106,428,000. FMR LLC lifted its position in shares of Toll Brothers by 19.4% during the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after buying an additional 410,394 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Toll Brothers during the fourth quarter valued at approximately $43,615,000. Finally, Jennison Associates LLC grew its holdings in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TOL shares. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group decreased their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, UBS Group cut their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.79.

Toll Brothers Trading Down 1.0 %

Shares of Toll Brothers stock opened at $100.00 on Friday. The stock’s 50 day simple moving average is $103.64 and its 200-day simple moving average is $128.42. The stock has a market cap of $9.99 billion, a P/E ratio of 6.88, a P/E/G 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. 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 results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.91 billion. Analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.00%. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

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.