Principal Financial Group Inc. Acquires 4,153 Shares of Toll Brothers Inc. $TOL

Principal Financial Group Inc. lifted its holdings in Toll Brothers Inc. (NYSE:TOL) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 211,432 shares of the construction company’s stock after purchasing an additional 4,153 shares during the period. Principal Financial Group Inc.’s holdings in Toll Brothers were worth $28,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after buying an additional 3,151,509 shares in the last quarter. Norges Bank bought a new stake in Toll Brothers during the 4th quarter valued at $168,312,000. Jennison Associates LLC boosted its position in Toll Brothers by 52.0% during the 4th quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after acquiring an additional 372,976 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Toll Brothers by 663.2% in the 3rd quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock valued at $40,112,000 after acquiring an additional 252,329 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Toll Brothers in the 3rd quarter valued at $33,811,000. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TOL shares. Benchmark initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Toll Brothers Stock Down 0.1%

TOL stock opened at $150.58 on Monday. The stock has a market capitalization of $14.07 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. Toll Brothers Inc. has a 52 week low of $115.50 and a 52 week high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $145.56 and a 200 day moving average of $145.27.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 EPS. Sell-side analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.

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.