Toll Brothers, Inc. (TOL) to Issue Quarterly Dividend of $0.25 on April 25th

Toll Brothers, Inc. (NYSE:TOL) declared a quarterly dividend on Tuesday, March 11th, RTT News reports. Investors 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 0.94%. The ex-dividend date is Friday, April 11th. This is a 8.7% increase from Toll Brothers’s previous quarterly dividend of $0.23.

Toll Brothers has raised 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.2 %

Shares of Toll Brothers stock opened at $106.60 on Thursday. The stock has a 50-day moving average price of $123.99 and a 200 day moving average price of $139.34. The company has a market cap of $10.60 billion, a P/E ratio of 7.34, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers has a 1 year low of $105.32 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during 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.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 over the last 90 days. 1.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of several research analyst reports. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Friday, February 14th. Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Barclays cut their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

About Toll Brothers

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.