Toll Brothers Inc (TOL) to Issue Quarterly Dividend of $0.08 on January 26th
Toll Brothers Inc (NYSE:TOL) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Investors of record on Friday, January 12th will be paid a dividend of 0.08 per share by the construction company on Friday, January 26th. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, January 11th.
Toll Brothers (NYSE:TOL) opened at $51.21 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. The firm has a market cap of $7,678.56, a PE ratio of 15.72, a P/E/G ratio of 1.28 and a beta of 1.57. Toll Brothers has a 1 year low of $30.44 and a 1 year high of $51.25.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. equities analysts expect that Toll Brothers will post 3.69 earnings per share for the current year.
In other news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $43.45, for a total transaction of $217,250.00. Following the completion of the sale, the chief financial officer now owns 37,836 shares in the company, valued at approximately $1,643,974.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $49.83, for a total transaction of $996,600.00. Following the sale, the chief executive officer now owns 231,785 shares of the company’s stock, valued at approximately $11,549,846.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,787 shares of company stock valued at $4,169,477. 8.78% of the stock is currently owned by company insiders.
Several research firms have commented on TOL. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Wedbush increased their price objective on shares of Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research note on Sunday, October 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.63.
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Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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