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

Toll Brothers, Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Investors of record on Friday, January 10th will be paid 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 yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th.

Toll Brothers has raised its dividend by an average of 23.6% annually over the last three years. Toll Brothers has a dividend payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Toll Brothers to earn $16.02 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 5.7%.

Toll Brothers Stock Down 1.8 %

NYSE TOL opened at $123.84 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52. The business’s fifty day simple moving average is $144.63 and its 200-day simple moving average is $140.42. The firm has a market cap of $12.39 billion, a PE ratio of 8.24, a P/E/G ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the firm earned $4.11 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers will post 14.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TOL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Royal Bank of Canada increased their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Finally, Citigroup dropped their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $153.33.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock worth $5,903,186 over the last 90 days. 1.54% of the stock is currently owned by 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.