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

Toll Brothers, Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Friday, January 10th will be given 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 0.66%. The ex-dividend date 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 6.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $15.82 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 5.8%.

Toll Brothers Stock Down 2.8 %

TOL stock opened at $138.38 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The firm’s fifty day simple moving average is $153.40 and its 200-day simple moving average is $139.08. Toll Brothers has a 12 month low of $91.92 and a 12 month high of $169.52. The company has a market capitalization of $13.97 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69.

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, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the company posted $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Toll Brothers will post 14.55 earnings per share for the current year.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,000 shares of company stock valued at $16,435,800. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Wednesday. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI raised their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.07.

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.