Toll Brothers Inc. (NYSE:TOL) Announces Quarterly Dividend of $0.26

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, March 11th. Stockholders of record on Friday, April 10th will be given a dividend of 0.26 per share by the construction company on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, April 10th. This is a 4.0% increase from Toll Brothers’s previous quarterly dividend of $0.25.

Toll Brothers has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Toll Brothers has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of TOL opened at $143.19 on Thursday. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. Toll Brothers has a one year low of $86.67 and a one year high of $168.36. The stock’s fifty day moving average is $149.97 and its 200-day moving average is $141.65.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. Toll Brothers’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Equities analysts anticipate that Toll Brothers will post 13.83 EPS for the current year.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

Large investors have recently added to or reduced their stakes in the company. Candriam S.C.A. purchased a new position in shares of Toll Brothers during the third quarter valued at $5,407,000. Moody Aldrich Partners LLC boosted its position in Toll Brothers by 93.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after acquiring an additional 13,175 shares during the period. Alps Advisors Inc. acquired a new stake in Toll Brothers during the 3rd quarter worth about $6,929,000. Allianz Asset Management GmbH grew its stake in Toll Brothers by 11.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at about $2,514,000. 91.76% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.