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

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 0.65%.

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% meaning 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 Performance

Shares of TOL traded down $3.17 during midday trading on Wednesday, reaching $142.43. The stock had a trading volume of 2,282,194 shares, compared to its average volume of 1,363,538. The firm has a market cap of $14.38 billion, a PE ratio of 9.89, a P/E/G ratio of 1.16 and a beta of 1.69. The firm has a 50 day simple moving average of $153.92 and a 200-day simple moving average of $139.06. Toll Brothers has a one year low of $91.92 and a one year high of $169.52. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.11 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers will post 13.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer upped their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday. Finally, Evercore ISI raised their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $151.07.

Insiders Place Their Bets

In other news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following 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 disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 in the last ninety 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.