Toll Brothers, Inc. (NYSE:TOL) Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,145 shares of the construction company’s stock after buying an additional 33,021 shares during the quarter. Principal Financial Group Inc. owned 0.38% of Toll Brothers worth $19,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC purchased a new position in Toll Brothers in the second quarter valued at about $273,000. Pictet Asset Management SA grew its stake in Toll Brothers by 14.9% in the second quarter. Pictet Asset Management SA now owns 780,574 shares of the construction company’s stock valued at $34,814,000 after purchasing an additional 101,142 shares in the last quarter. First Pacific Advisors LP purchased a new position in Toll Brothers in the second quarter valued at about $558,000. Advisors Asset Management Inc. grew its stake in Toll Brothers by 163.0% in the second quarter. Advisors Asset Management Inc. now owns 8,528 shares of the construction company’s stock valued at $380,000 after purchasing an additional 5,286 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its stake in Toll Brothers by 4.4% in the second quarter. Aviance Capital Partners LLC now owns 22,236 shares of the construction company’s stock valued at $992,000 after purchasing an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, Director Carl B. Marbach sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $44.60, for a total value of $44,600.00. Following the sale, the director now directly owns 71,155 shares in the company, valued at approximately $3,173,513. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TOL. Wedbush decreased their price target on Toll Brothers from $62.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. KeyCorp upgraded Toll Brothers from an “underweight” rating to a “sector weight” rating in a research note on Monday, September 19th. Bank of America downgraded Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Thursday, August 25th. StockNews.com began coverage on Toll Brothers in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Raymond James downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.92.

Toll Brothers Trading Down 1.1 %

Toll Brothers stock opened at $45.04 on Tuesday. The business has a 50 day moving average price of $43.40 and a two-hundred day moving average price of $45.75. The company has a quick ratio of 0.48, a current ratio of 4.99 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 5.32 and a beta of 1.38. Toll Brothers, Inc. has a 12 month low of $39.53 and a 12 month high of $75.61.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The construction company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Toll Brothers had a return on equity of 18.93% and a net margin of 10.62%. During the same quarter in the prior year, the firm posted $1.87 EPS. As a group, equities analysts forecast that Toll Brothers, Inc. will post 9.31 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were issued a $0.20 dividend. The ex-dividend date was Thursday, October 6th. This represents a $0.80 annualized dividend and a yield of 1.78%. Toll Brothers’s dividend payout ratio (DPR) is 9.46%.

About Toll Brothers

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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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

See Also

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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