Toll Brothers Inc. (TOL) Announces Quarterly Dividend of $0.08

Toll Brothers said it delivered 1,190 homes in the quarter, about 12 percent more than a year earlier. Post-earnings, Toll Brothers, Inc. stock ranged between $26.19 and $27.02 after opening the day (02/24/2016) at $26.78. If you are accessing this piece on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation. The company now has an average rating of "Hold" and an average price target of $34.79. MKM Partners restated a "buy" rating on shares of Toll Brothers in a research note on Wednesday, January 11th.

Wedbush's Jay McCanless reiterated a Neutral rating on the stock and $32 price target following the report. The stock was sold at an average price of $32.65, for a total transaction of $195,442.90. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. (NYSE:TOL) established that the company was able to keep return on investment at 4.60 in the trailing twelve month while Reuters data showed that industry's average stands at 5.30 and sector's optimum level is 8.74. Analysts had a consensus of $0.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. ETRADE Capital Management LLC purchased a new stake in shares of Toll Brothers during the third quarter worth about $282,000. The recent trading ended with the price almost -0.73 lower for the last 5 trading days, rebounding 28.06% from its 52-week low.

Robert I. Toll, Toll Brothers' executive chairman, stated: "As we approach the 50 anniversary this summer of Toll Brothers' founding, we are so proud to be recognized once again by Fortune magazine".

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Given its history, the average earnings announcement surprise was -7.35 percent over the past four quarters. The shares were sold at an average price of $32.49, for a total transaction of $552,330.00. The number of shares now owned by investors are 162.16 mln.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. The disclosure for this sale can be found here. The stock has climbed 28 percent in the last 12 months. Corporate insiders own 8.78% of the company's stock. Shareholders of record on Friday, April 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.00%.

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 20 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington, as well as in the District of Columbia.

  • Ronnie Bowen