Toll Brothers Inc (NYSE:TOL) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be paid a dividend of 0.11 per share by the construction company on Friday, April 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, April 11th.

Toll Brothers has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Toll Brothers to earn $4.51 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 9.8%.

Shares of Toll Brothers stock opened at $37.25 on Wednesday. Toll Brothers has a 52 week low of $28.68 and a 52 week high of $43.91. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.97 and a beta of 1.00.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.15. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts predict that Toll Brothers will post 4.48 EPS for the current year.

In other Toll Brothers news, CFO Martin P. Connor sold 4,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $37.94, for a total value of $151,760.00. Following the sale, the chief financial officer now directly owns 72,504 shares in the company, valued at $2,750,801.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Richard T. Hartman sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total value of $371,800.00. Following the completion of the sale, the president now owns 76,461 shares in the company, valued at $2,842,819.98. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $965,520 over the last quarter. 9.69% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on TOL. Barclays set a $33.00 target price on Toll Brothers and gave the company a “sell” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered Toll Brothers from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $33.00 to $32.00 in a report on Thursday, March 7th. Credit Suisse Group restated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a report on Friday, January 11th. Mizuho lowered Toll Brothers from a “buy” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $39.00 in a report on Wednesday, January 23rd. Finally, Buckingham Research began coverage on Toll Brothers in a report on Friday, January 11th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Toll Brothers currently has an average rating of “Hold” and an average target price of $40.14.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Dividend History for Toll Brothers (NYSE:TOL)

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