Principal Financial Group Inc. Grows Stock Position in Toll Brothers Inc. $TOL

Principal Financial Group Inc. increased its stake in Toll Brothers Inc. (NYSE:TOL) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,432 shares of the construction company’s stock after buying an additional 4,153 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Toll Brothers worth $28,854,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of 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 valued at $446,756,000 after acquiring an additional 3,151,509 shares during the period. Norges Bank purchased a new position in shares of Toll Brothers during the 4th quarter worth about $168,312,000. Bamco Inc. NY boosted its stake in shares of Toll Brothers by 0.8% during the 4th quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after purchasing an additional 9,385 shares during the period. Morgan Stanley grew its holdings in Toll Brothers by 3.3% during the 4th quarter. Morgan Stanley now owns 1,105,793 shares of the construction company’s stock valued at $149,526,000 after purchasing an additional 35,719 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Toll Brothers by 20.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,105,754 shares of the construction company’s stock valued at $149,520,000 after purchasing an additional 188,570 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, COO Robert Parahus sold 7,500 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of several analyst reports. Evercore reissued an “outperform” rating and issued a $185.00 price objective on shares of Toll Brothers in a research note on Thursday, May 21st. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Citigroup upgraded Toll Brothers from a “neutral” rating to a “buy” rating and increased their price target for the stock from $146.00 to $176.00 in a report on Friday, July 10th. Benchmark initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Truist Financial dropped their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.88.

Toll Brothers Price Performance

Toll Brothers stock opened at $150.58 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The firm has a 50-day moving average of $145.56 and a two-hundred day moving average of $145.27. Toll Brothers Inc. has a 1 year low of $115.50 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping 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%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company posted $3.50 earnings per share. On average, research analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Toll Brothers Profile

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.