Toll Brothers Inc. (TOL) To Go Ex-Dividend on October 9th

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Friday, October 9th will be given a dividend of 0.26 per share by the construction company on Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 9th.

Toll Brothers has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Toll Brothers has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Toll Brothers to earn $13.92 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 7.5%.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $134.31 on Friday. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The business has a 50-day moving average of $146.10 and a 200 day moving average of $144.00. Toll Brothers has a 12 month low of $123.14 and a 12 month high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm posted $3.73 earnings per share. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers will post 12.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TOL. Root Financial Partners LLC increased its stake in Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. IFP Advisors Inc raised its position in Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after buying an additional 74 shares during the period. Hilton Head Capital Partners LLC lifted its stake in Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Bessemer Group Inc. grew its stake in Toll Brothers by 4.7% during the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after acquiring an additional 80 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Toll Brothers by 4.2% during the second quarter. Allegiance Financial Group Advisory Services LLC now owns 2,000 shares of the construction company’s stock worth $330,000 after purchasing an additional 80 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.