Core Insights - Toll Brothers, Inc. has announced the grand opening of the Rosalynn Contemporary model home at the Jason's Walk community in Cumming, Georgia, showcasing luxury home designs and craftsmanship [1][2] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986 under the NYSE symbol "TOL" [9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a range of housing options for various buyer demographics [9] Community Features - Jason's Walk community features luxurious single-family homes ranging from approximately 3,300 to 3,900 square feet, with prices starting from the upper $800,000s [4] - Each home includes 5 bedrooms, 3.5 to 5.5 bathrooms, and a 3-car garage, designed with high-end fixtures and finishes [4] Location Advantages - The community is conveniently located near Georgia State Route 400, providing easy access to outdoor recreation, shopping, dining, and employment hubs [4] - Residents are assigned to the highly rated Forsyth County School District, which includes Poole's Mill Elementary, Liberty Middle, and West Forsyth High [5] Customer Experience - Toll Brothers offers a state-of-the-art Design Studio for customers to personalize their homes with a wide array of selections, assisted by professional Design Consultants [6] - Quick move-in homes with Designer Appointed Features are available, allowing buyers to move in by late summer or early fall [6]

Core Insights - Toll Brothers, Inc. announced the final opportunity to purchase luxury townhomes at Hilltop in Reno, Nevada, emphasizing the quick move-in availability and designer features [1][2] Company Overview - Toll Brothers is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [6] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a range of housing options for various buyer segments [7] Product Offering - The Hilltop townhomes feature three stories, finished basements, covered patios, and decks, with sizes ranging from 2,636 to over 3,010 square feet [2] - Remaining homes include 3 bedrooms, 2 to 3 full baths, 2 half baths, and 2-car garages, priced from the mid-$700,000s [2] Community and Lifestyle - Hilltop is positioned as a community that offers a blend of luxury living, convenience, and a lock-and-leave lifestyle, appealing to both full-time residents and second-home owners [4] - The location provides scenic views, access to walking trails, and proximity to dining, shopping, and entertainment options [4] Sales and Market Position - Only a few move-in ready homes remain, indicating strong demand and a competitive market [5] - The Sales Center is located at 1545 Golf Club Drive in Reno, with private tours encouraged for interested buyers [5]

Core Insights - Toll Brothers, Inc. has launched a new luxury home community named 3131 Camino in Santa Clara, California, featuring modern townhome- and villa-style condos [1][2] Group 1: Community Features - 3131 Camino offers a variety of home designs with open floor plans, including 2 to 3 bedrooms and 2 to 3 bathrooms, along with private one- to two-car garages and rooftop terraces on select homes [2] - The community is strategically located near shopping, dining, public transportation, and outdoor recreation, providing easy access to Silicon Valley's top employers and the San Francisco Bay Area [5] Group 2: Pricing and Sales Information - Homes in the 3131 Camino community are priced from $1.369 million to over $1.6 million [6] - The offsite Sales Center is located at 3084 El Camino Real in Santa Clara, and potential buyers can contact the company for more information [1][6] Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and operates in over 60 markets across 24 states [8] - The company has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years [9]

Core Viewpoint - Toll Brothers has experienced a significant stock rebound, driven by a strong performance in the luxury housing market and a less interest-sensitive affluent customer base [1][2]. Financial Performance - Toll Brothers reported record Q3 sales of $2.94 billion, surpassing estimates of $2.85 billion, and reflecting an 8% increase from $2.72 billion a year ago [4]. - Q3 earnings per share (EPS) were $3.73, up from $3.60 in the same quarter last year, exceeding expectations of $3.59 by nearly 4% [4]. - The company delivered 2,959 homes at an average price of $974,000, achieving an adjusted gross margin of 27.5% [6]. Market Position and Strategy - Despite a softer overall housing market, Toll Brothers attributes its strong results to a balanced operating model and a diversified luxury business strategy that prioritizes price and margin over sales pace [5]. - The company signed 2,388 net contracts worth $2.4 billion during Q3, resulting in a total backlog of 5,492 homes valued at $6.37 billion, with an average sales price of $1.16 million [7]. Guidance and Future Outlook - Toll Brothers expects to deliver approximately 11,200 homes for the full year, at the lower end of its previous guidance range [7]. - The company maintained its full-year adjusted gross margin forecast at 27.25% and expects other income from unconsolidated entities and land sales gross profit of $110 million [8]. Valuation Metrics - TOL shares trade at 9.4X forward earnings, which is below the Zacks Building Products-Home Builders Industry average of 12.4X, indicating a potential investment opportunity [9]. - The stock is also trading well under the preferred level of less than 2X sales [9]. Dividend Information - Toll Brothers has increased its dividend for five consecutive years, with an annualized growth rate of 16.31% [11]. - The current annual yield is 0.76%, which is below the S&P 500 average of 1.16%, but the 7% payout ratio suggests room for future increases [11]. Overall Assessment - Toll Brothers appears well-positioned to navigate the housing market slowdown due to its luxury clientele, although it faces challenges in a tougher operating environment [12].

Core Insights - Toll Brothers, Inc. is launching model homes at Manzanita Park in Morgan Hill, California, with a grand opening event scheduled for August 23, 2025 [1][2] Company Overview - Toll Brothers is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986 [9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a range of housing options for various buyer segments [9] Product Offering - Manzanita Park features townhome-style condos ranging from 1,348 to over 2,425 square feet, with configurations of 2 to 4 bedrooms and 2.5 to 3.5 bathrooms [4] - Homes are priced starting from the low $900,000s, with high-end finishes and personalization options available [4] Community Amenities - Residents will have access to amenities such as pickleball courts, a community tot lot, a private dog park, and a centralized resident congregation area [5] - The community is located in a scenic area of the Santa Clara Valley, close to downtown Morgan Hill, which offers shops, restaurants, and community events [5][6] Customer Experience - Toll Brothers provides a state-of-the-art Design Studio for customers to personalize their homes with the help of professional Design Consultants [7]

Core Insights - Toll Brothers, Inc. has announced the grand opening of model homes at Manzanita Park, a new luxury townhome-style condo community in Morgan Hill, California, scheduled for August 23, 2025 [1][2] Company Overview - Toll Brothers is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986 [9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a diverse range of housing options for various buyer segments [9] Product Offering - Manzanita Park features townhome-style condos ranging from 1,348 to over 2,425 square feet, with configurations of 2 to 4 bedrooms and 2.5 to 3.5 bathrooms, priced from the low $900,000s [4] - The community includes high-end finishes and personalization options available at the Toll Brothers Design Studio [4][7] Community Amenities - Residents will have access to amenities such as pickleball courts, a community tot lot, a private dog park, and a centralized resident congregation area [5] - The location offers scenic views and proximity to downtown Morgan Hill, which features unique shops, restaurants, and community events [5][6] Strategic Positioning - The community's location near Silicon Valley provides residents with access to employment and educational hubs, as well as vibrant nightlife and dining experiences [6]

Core Insights - Toll Brothers, Inc. is launching three new luxury home collections in the Eldorado neighborhood of Santa Rita Ranch, Liberty Hill, Texas, with sales starting in fall 2025 [1][5] Group 1: Home Collections - The Maravilla Collection features homes ranging from 2,238 to 3,116 square feet on 50-foot-wide sites, with starting prices from the low $600,000s [2] - The Sierra Collection offers homes from 2,857 to 3,899 square feet on 60-foot-wide sites, starting from the low $700,000s [2] - The Tesoro Collection includes homes ranging from 3,292 to 4,700 square feet on 70-foot-wide sites, with starting prices anticipated from the low $800,000s [2] Group 2: Customer Experience - Toll Brothers provides a one-stop shopping experience at the Toll Brothers Design Studio, allowing customers to personalize their homes with professional design consultants [3] Group 3: Community Amenities - Santa Rita Ranch features luxury amenities such as six resort-style pools, water slides, splash pads, playgrounds, pickleball courts, a fitness center, and extensive parks and nature trails [5] - The community has received multiple awards, including Best of the Best Amenities in the Austin Area and Community of the Year awards from various organizations [5] Group 4: Company Overview - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the United States, operating in over 60 markets across 24 states [8] - The company has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple accolades for its leadership and performance in the industry [9]

Core Insights - Toll Brothers, Inc. has opened new model homes at Willow Glen in Forsyth County, Georgia, featuring luxury single-family homes with access to high-end amenities [1][4] - The community offers two-story homes with 5 bedrooms and 3.5 to 5.5 bathrooms, ranging from 3,297 to over 4,674 square feet, priced from the upper $700,000s [4][6] - The Toll Brothers Design Studio provides a personalized shopping experience for homebuyers, allowing them to customize their homes with professional design consultants [5] Company Overview - Toll Brothers is a leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [8] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of housing options for different buyer segments [8] - Toll Brothers has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years [9]

Core Viewpoint - Toll Brothers is considered a strong buy-and-hold stock due to its operational quality, cash flow, capital return, and long-term supply-demand outlook, but faces risks in 2025 due to macroeconomic conditions impacting the housing market [1] Group 1: Financial Performance - The company reported a strong FQ3 with robust profitability and ample capital returns, but guidance for deliveries fell short, indicating potential changes in Q4 and early Q1 [2][7] - The capital return is deemed safe in 2025, with cash flow sufficient to cover dividend payments while maintaining financial health, despite increased liabilities [9] - The annual dividend is $1.00, with a dividend yield of 0.76% and a payout ratio of 7.42% [9] Group 2: Market Conditions - The market reaction suggests it may be peaking, with stock price declining nearly 3.0% in pre-opening trading, indicating resistance at critical levels around the low-$130s [2] - Leading indicators show weakness, including a 4% decline in signed contracts, a 10% decline in backlog, and a 19% contraction in backlog value [8] - The Federal Open Market Committee (FOMC) is unlikely to make aggressive interest rate cuts to spur housing demand, with only an 82% chance for a 25-basis point cut at the September meeting [5][7] Group 3: Stock Performance and Analyst Sentiment - Analysts maintain a Moderate Buy rating with a 65% bullish bias, but price target uptrend has stalled, suggesting potential downward pressure on stock action [11] - Stock repurchases reduced the count by an average of 4.6% for the quarter, although the pace may slow in the future [10] - Toll Brothers was not included in a list of top stocks recommended by leading analysts, indicating a preference for other investment opportunities [12]

Core Insights - Toll Brothers, Inc. reported strong third-quarter fiscal 2025 results, with adjusted earnings and total revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth in both metrics [1][3] Financial Performance - Adjusted earnings per share (EPS) for the quarter were $3.73, surpassing the Zacks Consensus Estimate of $3.59 by 3.9% and reflecting a 3.6% increase from the previous year [3][9] - Total revenues reached $2,945.1 million, beating the consensus mark of $2,852 million, and increased by 8% year-over-year [3][4] Home Sales and Deliveries - Total home sales revenues rose by 6% year-over-year to $2.9 billion, while home deliveries increased by 5% to 2,959 units [4] - The average selling price (ASP) of homes delivered was $973,600, up 0.5% from $968,200 in the prior year [4] Contracts and Backlog - Net-signed contracts decreased to 2,388 units from 2,490 units year-over-year, with a constant value of $2.4 billion [5] - The backlog at the end of the quarter was 5,492 homes, down 19% year-over-year, with potential revenues from the backlog declining 10% to $6.38 billion [6] Margins and Expenses - Adjusted home sales gross margin contracted to 27.5%, a decrease of 130 basis points year-over-year [7][9] - Selling, general and administrative (SG&A) expenses as a percentage of home sales revenues were 8.8%, down 20 basis points from the previous year [7] Balance Sheet and Cash Flow - Cash and cash equivalents stood at $852.3 million, down from $1.3 billion at the end of fiscal 2024, while the debt-to-capital ratio improved to 26.7% [8] - The company had $2.19 billion available under its revolving credit facility, maturing in February 2030 [8] Guidance - For Q4, Toll Brothers expects home deliveries of 3,350 units at an average price of $970,000-$980,000, with an adjusted home sales gross margin projected at 27% [11] - For fiscal 2025, home deliveries are anticipated to be around 11,200 units, with an average price of delivered homes expected to be $950,000-$960,000 [12]