Principal Financial Group Inc. Has $36.72 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Principal Financial Group Inc. lessened its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,678 shares of the construction company's stock after selling 109,183 shares during the period. Principal Financial Group Inc. owned about 0.23% of Toll Brothers worth $36,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Atomi Financial Group Inc. grew its holdings in shares of Toll Brothers by 11.4% during the first quarter. Atomi Financial Group Inc. now owns 2,281 shares of the construction company's stock worth $295,000 after purchasing an additional 233 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Toll Brothers during the first quarter worth about $583,000. Sei Investments Co. grew its holdings in shares of Toll Brothers by 42.5% during the first quarter. Sei Investments Co. now owns 253,794 shares of the construction company's stock worth $32,833,000 after purchasing an additional 75,694 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Toll Brothers during the first quarter worth about $243,000. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of Toll Brothers by 4.3% during the first quarter. Thoroughbred Financial Services LLC now owns 4,627 shares of the construction company's stock worth $598,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Barclays raised their target price on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Wedbush upgraded Toll Brothers from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Finally, Evercore ISI upped their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $148.87.

Toll Brothers Stock Performance

NYSE TOL traded down $5.49 during trading hours on Tuesday, hitting $151.88. The company had a trading volume of 917,677 shares, compared to its average volume of 1,367,465. Toll Brothers, Inc. has a 1-year low of $78.88 and a 1-year high of $160.12. The company has a market cap of $15.34 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68. The business has a 50 day moving average of $149.94 and a 200-day moving average of $134.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company's revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $3.73 EPS. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers's dividend payout ratio is presently 6.34%.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at approximately $35,029,273.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares of the company's stock, valued at $38,068,482.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock valued at $32,602,152 in the last ninety days. Company insiders own 1.54% of the company's stock.

Toll Brothers 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.