Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Thursday, September 28th, NASDAQ reports. Investors of record on Friday, October 13th will be paid a dividend of 0.08 per share by the construction company on Friday, October 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, October 12th.
Toll Brothers (TOL) opened at 42.95 on Wednesday. The company has a 50 day moving average price of $39.86 and a 200 day moving average price of $38.45. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $43.00. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.01 and a beta of 1.50.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts anticipate that Toll Brothers will post $3.19 earnings per share for the current fiscal year.
TOL has been the subject of a number of research analyst reports. Credit Suisse Group initiated coverage on Toll Brothers in a report on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 target price for the company. BidaskClub downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 target price on shares of Toll Brothers in a report on Thursday, August 24th. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.00.
In related news, Director Richard J. Braemer sold 7,500 shares of Toll Brothers stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total transaction of $284,100.00. Following the transaction, the director now owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carl B. Marbach sold 12,900 shares of Toll Brothers stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now directly owns 114,149 shares in the company, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,400 shares of company stock worth $882,613. 8.78% of the stock is owned by insiders.
About Toll Brothers
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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