Toll Brothers Inc (NYSE:TOL) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.68%.
Shares of Toll Brothers (NYSE:TOL) traded down $0.03 during mid-day trading on Wednesday, hitting $47.06. 3,039,266 shares of the stock were exchanged, compared to its average volume of 2,022,710. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The company has a market capitalization of $7,809.07, a price-to-earnings ratio of 14.97, a PEG ratio of 1.25 and a beta of 1.57. Toll Brothers has a twelve month low of $30.44 and a twelve month high of $51.08.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. equities analysts predict that Toll Brothers will post 3.6 EPS for the current year.
In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. Following the sale, the president now directly owns 27,233 shares of the company’s stock, valued at $1,252,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the sale, the chief financial officer now directly owns 34,836 shares in the company, valued at $1,443,952.20. The disclosure for this sale can be found here. Insiders have sold 71,787 shares of company stock worth $3,255,777 over the last ninety days. Insiders own 8.78% of the company’s stock.
A number of brokerages have recently commented on TOL. Wedbush reissued a “neutral” rating and issued a $37.00 price objective (down previously from $40.00) on shares of Toll Brothers in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research report on Sunday, October 8th. J P Morgan Chase & Co lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research report on Friday, August 25th. Finally, Mizuho set a $52.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.93.
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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