Toll Brothers Inc. $TOL Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,036 shares of the construction company’s stock after selling 7,410 shares during the quarter. Principal Financial Group Inc.’s holdings in Toll Brothers were worth $30,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Toll Brothers during the 2nd quarter worth approximately $154,782,000. AQR Capital Management LLC lifted its stake in shares of Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the period. Holocene Advisors LP grew its holdings in shares of Toll Brothers by 150.7% during the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after buying an additional 751,255 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Toll Brothers by 116.9% during the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after buying an additional 611,523 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Toll Brothers by 643.8% in the 2nd quarter. Ieq Capital LLC now owns 171,066 shares of the construction company’s stock valued at $19,524,000 after acquiring an additional 148,066 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $153.21 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.18 and a beta of 1.47. The firm’s 50 day simple moving average is $141.75 and its 200-day simple moving average is $136.81. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $155.52.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.63 earnings per share. Analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

TOL has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price target 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. Royal Bank Of Canada dropped their target price on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Citizens Jmp began 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 objective for the company. Finally, Citigroup began coverage on shares of Toll Brothers in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.40.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

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.