Toll Brothers, Inc. (NYSE:TOL) Announces Quarterly Dividend of $0.23

by · The Cerbat Gem

Toll Brothers, Inc. (NYSE:TOL – Get Free Report) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Investors of record on Friday, January 10th will be given a dividend of 0.23 per share by the construction company on Friday, January 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%.

Toll Brothers has raised its dividend by an average of 23.6% annually over the last three years. Toll Brothers has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Toll Brothers to earn $14.50 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 6.3%.

Toll Brothers Stock Down 2.2 %

TOL traded down $3.17 during midday trading on Wednesday, hitting $142.43. The company had a trading volume of 2,282,194 shares, compared to its average volume of 1,363,538. The stock’s 50 day moving average price is $153.92 and its 200 day moving average price is $139.06. Toll Brothers has a 52 week low of $91.92 and a 52 week high of $169.52. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.16 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL – Get Free Report) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company posted $4.11 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, research analysts anticipate that Toll Brothers will post 13.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday. Evercore ISI boosted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $164.00 in a research report on Tuesday. Oppenheimer boosted their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Bank of America increased their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.07.

View Our Latest Analysis on TOL

Insider Transactions at Toll Brothers

In other news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now owns 246,382 shares in the company, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock worth $16,435,800 in the last quarter. Insiders own 1.54% of the company’s stock.

About Toll Brothers

(Get Free Report)

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

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