Toll Brothers, Inc. (TOL) to Issue Quarterly Dividend of $0.23 on October 25th

Toll Brothers, Inc. (NYSE:TOL) announced a quarterly dividend on Tuesday, September 17th, NASDAQ reports. Investors of record on Friday, October 11th will be paid a dividend of 0.23 per share by the construction company on Friday, October 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, October 11th.

Toll Brothers has raised its dividend payment by an average of 23.6% per year over the last three years. Toll Brothers has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $14.59 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 0.3 %

Shares of NYSE:TOL opened at $150.15 on Thursday. The company has a 50 day moving average price of $136.45 and a two-hundred day moving average price of $126.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company has a market capitalization of $15.16 billion, a PE ratio of 10.26, a PEG ratio of 1.23 and a beta of 1.67. Toll Brothers has a 52 week low of $68.08 and a 52 week high of $154.62.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.73 EPS. Analysts forecast that Toll Brothers will post 13.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TOL shares. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. UBS Group raised their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Citigroup reduced their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.67.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.

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.