Toll Brothers Inc. (NYSE:TOL) to Issue $0.25 Quarterly Dividend

Toll Brothers Inc. (NYSE:TOL - Get Free Report) announced a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Shareholders of record on Friday, July 11th will be given a dividend of 0.25 per share by the construction company on Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, July 11th.

Toll Brothers has a payout ratio of 7.0% meaning 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 Up 3.2%

TOL stock traded up $3.41 during midday trading on Friday, hitting $108.86. The company's stock had a trading volume of 1,369,004 shares, compared to its average volume of 1,578,340. The firm has a 50-day simple moving average of $103.27 and a 200-day simple moving average of $115.35. The firm has a market capitalization of $10.69 billion, a P/E ratio of 8.07, a PEG ratio of 1.10 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $3.38 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers will post 13.83 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $141.08.

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.

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