Toll Brothers Inc. Announces Quarterly Dividend of $0.25 (NYSE:TOL)

Toll Brothers Inc. (NYSE:TOL) announced a quarterly dividend on Thursday, December 18th. Shareholders of record on Friday, January 9th will be paid a dividend of 0.25 per share by the construction company on Friday, January 23rd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 9th.

Toll Brothers has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 years. Toll Brothers has a payout ratio of 7.0% indicating that 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 $1.00 annual dividend with an expected future payout ratio of 6.4%.

Toll Brothers Stock Performance

Shares of TOL stock traded down $1.29 during trading hours on Friday, reaching $138.21. The stock had a trading volume of 148,659 shares, compared to its average volume of 1,623,338. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $149.79. The firm has a 50-day simple moving average of $135.28 and a 200-day simple moving average of $129.36. The firm has a market capitalization of $13.32 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business posted $4.63 earnings per share. Toll Brothers’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Toll Brothers will post 13.83 earnings per share for the current year.

Analysts Set New Price Targets

TOL has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Argus boosted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. UBS Group lowered their target price on Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $140.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 10th. Finally, Evercore ISI reissued an “in-line” rating and set a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.36.

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.