Toll Brothers, Inc. (NYSE:TOL) Declares Dividend Increase – $0.25 Per Share

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 paid 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 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 by an average of 10.6% per year over the last three years. Toll Brothers has a payout ratio of 6.0% meaning its dividend is sufficiently covered by earnings. 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 1.1 %

Shares of TOL traded down $1.13 during mid-day trading on Wednesday, hitting $105.70. 213,372 shares of the company’s stock were exchanged, compared to its average volume of 1,825,931. The stock’s 50-day moving average is $124.38 and its 200-day moving average is $139.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a fifty-two week low of $105.38 and a fifty-two week high of $169.52. The company has a market cap 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 issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Barclays lowered their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction 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 transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 420 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,622 shares of company stock valued at $1,993,880. Insiders own 1.54% of the company’s stock.

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.