Principal Financial Group Inc. boosted its holdings in Toll Brothers Inc. (NYSE:TOL) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 655,582 shares of the construction company’s stock after acquiring an additional 18,520 shares during the quarter. Principal Financial Group Inc. owned 0.41% of Toll Brothers worth $27,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. increased its stake in Toll Brothers by 42.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after acquiring an additional 430,220 shares during the last quarter. Lyell Wealth Management LP increased its stake in Toll Brothers by 3.0% in the 3rd quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after acquiring an additional 2,625 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Toll Brothers by 6.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock worth $6,040,000 after acquiring an additional 9,723 shares during the last quarter. Andra AP fonden increased its stake in Toll Brothers by 11.6% in the 2nd quarter. Andra AP fonden now owns 71,300 shares of the construction company’s stock worth $2,817,000 after acquiring an additional 7,400 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in Toll Brothers by 220.3% in the 2nd quarter. WINTON GROUP Ltd now owns 69,468 shares of the construction company’s stock worth $2,745,000 after acquiring an additional 47,779 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

TOL has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a report on Monday, September 25th. BidaskClub cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. UBS AG initiated coverage on Toll Brothers in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price objective on shares of Toll Brothers in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.

In other Toll Brothers news, Director Richard J. Braemer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total value of $284,100.00. Following the completion of the sale, the director now owns 110,373 shares in the company, valued at approximately $4,180,929.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.45, for a total value of $82,900.00. Following the completion of the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,443,952.20. The disclosure for this sale can be found here. Insiders have sold a total of 72,187 shares of company stock valued at $3,124,490 over the last 90 days. 8.78% of the stock is currently owned by company insiders.

Shares of Toll Brothers Inc. (NYSE TOL) opened at $47.00 on Monday. The firm has a market capitalization of $7,688.02, a PE ratio of 17.47, a P/E/G ratio of 1.01 and a beta of 1.55. Toll Brothers Inc. has a fifty-two week low of $28.93 and a fifty-two week high of $47.45. The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. Toll Brothers’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. equities analysts predict that Toll Brothers Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s dividend payout ratio is presently 11.90%.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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

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