Toll Brothers Inc. (TOL) to Distribute Quarterly Dividend of $0.26 on July 24th

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Friday, July 10th will be given a dividend of 0.26 per share by the construction company on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th.

Toll Brothers has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 years. Toll Brothers has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Toll Brothers to earn $14.16 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 7.3%.

Toll Brothers Trading Up 4.0%

NYSE:TOL opened at $155.66 on Friday. Toll Brothers has a 1 year low of $105.65 and a 1 year high of $168.36. The stock has a market cap of $14.55 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a 50-day simple moving average of $140.31 and a 200-day simple moving average of $142.89.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the company earned $3.50 EPS. As a group, analysts anticipate that Toll Brothers will post 12.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen F. East sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Toll Brothers

Several institutional investors and hedge funds have recently bought and sold shares of TOL. Hilton Head Capital Partners LLC grew its position in Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers during the third quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.