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

Toll Brothers, Inc. (NYSE:TOL) announced a quarterly dividend on Tuesday, June 18th, NASDAQ reports. Shareholders of record on Friday, July 5th will be paid a dividend of 0.23 per share by the construction company on Friday, July 19th. This represents a $0.92 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, July 5th.

Toll Brothers has increased its dividend by an average of 23.6% per year over the last three years. Toll Brothers has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Toll Brothers to earn $13.83 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 6.7%.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $111.97 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The company has a market cap of $11.49 billion, a PE ratio of 7.65, a P/E/G ratio of 0.90 and a beta of 1.67. The business has a 50-day simple moving average of $120.89 and a two-hundred day simple moving average of $114.03. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $135.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. Toll Brothers’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. As a group, equities analysts expect that Toll Brothers will post 12.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TOL shares. Argus raised their price objective on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada raised their price objective on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Raymond James restated a “strong-buy” rating and issued a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $128.13.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 21,670 shares of company stock valued at $2,586,315 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Company Profile

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.