Principal Financial Group Inc. Has $20.80 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Principal Financial Group Inc. lowered its position in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 416,690 shares of the construction company’s stock after selling 1,963 shares during the period. Principal Financial Group Inc. owned 0.38% of Toll Brothers worth $20,801,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in Toll Brothers in the third quarter worth $216,000. Bank of New York Mellon Corp lifted its position in Toll Brothers by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 3,019,933 shares of the construction company’s stock worth $126,838,000 after purchasing an additional 78,109 shares during the period. Dupont Capital Management Corp lifted its position in Toll Brothers by 342.4% in the fourth quarter. Dupont Capital Management Corp now owns 5,999 shares of the construction company’s stock worth $299,000 after purchasing an additional 4,643 shares during the period. Great West Life Assurance Co. Can lifted its position in Toll Brothers by 11.9% in the third quarter. Great West Life Assurance Co. Can now owns 80,337 shares of the construction company’s stock worth $3,373,000 after purchasing an additional 8,529 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Toll Brothers by 1.7% in the fourth quarter. New York State Teachers Retirement System now owns 162,328 shares of the construction company’s stock worth $8,103,000 after purchasing an additional 2,715 shares during the period. Institutional investors and hedge funds own 82.74% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 2,980 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the transaction, the director now owns 8,284 shares of the company’s stock, valued at approximately $498,116.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Christine Garvey sold 2,980 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the transaction, the director now owns 8,284 shares of the company’s stock, valued at approximately $498,116.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $58.69, for a total value of $586,900.00. Following the transaction, the director now directly owns 65,066 shares of the company’s stock, valued at approximately $3,818,723.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,105 shares of company stock valued at $831,824. Corporate insiders own 1.79% of the company’s stock.

Toll Brothers Stock Performance

TOL opened at $66.36 on Monday. The business has a fifty day simple moving average of $61.12 and a 200 day simple moving average of $55.67. The company has a market capitalization of $7.35 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.38. Toll Brothers, Inc. has a 1 year low of $39.53 and a 1 year high of $67.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.59 and a quick ratio of 0.78.

Toll Brothers (NYSE:TOL – Get Rating) last released its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.33. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. Toll Brothers had a return on equity of 21.02% and a net margin of 12.92%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 EPS. Research analysts expect that Toll Brothers, Inc. will post 8.66 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.20. Toll Brothers’s payout ratio is 7.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TOL shares. UBS Group increased their price objective on Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Raymond James increased their price objective on Toll Brothers from $61.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Oppenheimer raised their target price on Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $55.00 target price on shares of Toll Brothers in a research note on Thursday, February 23rd. Finally, StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.09.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.