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

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

Toll Brothers has raised its dividend by an average of 23.6% per year over the last three years. Toll Brothers has a dividend payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. 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 Up 0.5 %

Shares of TOL stock opened at $151.17 on Wednesday. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.21 and a beta of 1.66. 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 stock’s 50 day simple moving average is $142.17 and its 200 day simple moving average is $129.24. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $156.08.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.73 earnings per share. As a group, research analysts predict that Toll Brothers will post 13.51 EPS for the current year.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,257 shares of company stock worth $28,646,402 over the last three months. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TOL. Wedbush boosted their price objective on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Finally, Evercore ISI raised their price objective on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.07.

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.