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

Key Points

• Toll Brothers Inc. declared a quarterly dividend of $0.25 per share, payable on October 24th to shareholders of record as of October 10th, which reflects an annualized dividend yield of 0.7%.
• The company reported quarterly earnings of $3.73 per share, surpassing analysts' expectations, with revenue reaching $2.95 billion for the quarter, an 8.0% increase year-over-year.
• Toll Brothers’ stock price recently dropped by 0.7%, trading at $140.27, with a market capitalization of $13.52 billion and a PE ratio of 10.38.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Friday, October 10th will be given a dividend of 0.25 per share by the construction company on Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th.

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 Trading Down 0.2%

NYSE:TOL traded down $0.28 during trading hours on Friday, reaching $139.56. 3,055,482 shares of the stock were exchanged, compared to its average volume of 1,785,960. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $131.26 and a two-hundred day moving average of $114.40. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.92 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers will post 13.83 EPS for the current year.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the transaction, the chief executive officer owned 286,117 shares of the company's stock, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,413 shares of company stock valued at $5,746,216. Corporate insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds have recently made changes to their positions in TOL. ProShare Advisors LLC grew its holdings in shares of Toll Brothers by 5.5% during the fourth quarter. ProShare Advisors LLC now owns 4,723 shares of the construction company's stock worth $595,000 after purchasing an additional 248 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Toll Brothers by 1.6% during the fourth quarter. Royal Bank of Canada now owns 162,673 shares of the construction company's stock worth $20,488,000 after buying an additional 2,519 shares during the period. Toronto Dominion Bank boosted its stake in shares of Toll Brothers by 60.2% during the fourth quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company's stock worth $645,000 after buying an additional 1,925 shares during the period. State of Wyoming boosted its stake in shares of Toll Brothers by 355.2% during the fourth quarter. State of Wyoming now owns 1,220 shares of the construction company's stock worth $154,000 after buying an additional 952 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Toll Brothers by 104.4% during the fourth quarter. Two Sigma Advisers LP now owns 138,600 shares of the construction company's stock worth $17,457,000 after buying an additional 70,800 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Company Profile

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.