Toll Brothers, Inc. (NYSE:TOL) Increases Dividend to $0.25 Per Share

Toll Brothers, Inc. (NYSE:TOL) declared a quarterly dividend on Tuesday, March 11th, RTT News reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.25 per share by the construction company on Friday, April 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a 8.7% increase from Toll Brothers’s previous quarterly dividend of $0.23.

Toll Brothers has increased its dividend payment by an average of 10.6% per year over the last three years. Toll Brothers has a dividend payout ratio of 6.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Toll Brothers to earn $15.66 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 5.9%.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $1.13 during trading hours on Wednesday, hitting $105.70. 213,372 shares of the company were exchanged, compared to its average volume of 1,825,931. The business has a 50-day moving average of $124.38 and a 200-day moving average of $139.57. Toll Brothers has a 1 year low of $105.38 and a 1 year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,622 shares of company stock worth $1,993,880. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOL shares. Wells Fargo & Company lowered their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Oppenheimer reduced their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $147.57.

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.