Core Insights - Toll Brothers, Inc. has announced the final opportunity for home shoppers to purchase a luxury home in Crosswinds at Nocatee, Florida, highlighting the blend of luxury and convenience available in this community [1][4] Group 1: Property Details - The final available home is the Egret Elite Modern Craftsman, a 2,490-square-foot residence featuring four bedrooms, three baths, and a two-car garage, priced at $599,000 [2] - The home includes a gourmet kitchen with a large center island, a generous loft, and oak stairs, designed with modern finishes and a spacious open floor plan [2] Group 2: Community Features - Crosswinds at Nocatee is located just 10 minutes from the beach and offers villa-style homes in a serene setting surrounded by wooded home sites [4] - Residents have access to luxury resort-style amenities, including pools, fitness clubs, pickleball courts, golf cart paths, and extensive hiking and biking trails, enhancing the lifestyle appeal of the community [4] Group 3: Company Overview - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the U.S., founded in 1967 and publicly traded since 1986 [7] - The company operates in over 60 markets across the United States, serving various buyer segments, and has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years [8]

Group 1 - Toll Brothers (TOL) is a leading home construction company in the U.S., focusing on luxury homes and known for high-quality construction [1] - Competitors in the market include major homebuilders such as Lennar and D.R. Horton [1] - Citigroup has upgraded TOL's stock rating to "Outperform," indicating a positive outlook for the company [1][2] Group 2 - The home builder stocks, including TOL, have had a strong start to the year, driven by robust demand for new housing [2] - Builders are expected to offer incentives to attract buyers, which may help sustain momentum in the housing market [2] Group 3 - At the time of Citigroup's announcement, TOL's stock price was $136.09, with a slight decrease of $0.06 or approximately -0.044% [3] - The stock has shown resilience, fluctuating between $132.56 and $136.37, indicating investor interest [3] Group 4 - Over the past year, TOL's stock has experienced a high of $149.79 and a low of $86.67, reflecting its volatility [4] - The company's market capitalization is approximately $13.12 billion, highlighting its significant presence in the industry [4] - Today's trading volume for TOL is 633,396 shares, indicating active trading on the NYSE [4]

Core Insights - Toll Brothers, Inc. announces the final opportunity to purchase a new home at Fontaine by Toll Brothers, a luxury gated community in Lake Mary, Florida, with the last quick move-in home priced at $1.175 million [1][3]. Group 1: Community Features - Fontaine by Toll Brothers offers expansive single-family homes on seventy-foot-wide home sites, featuring open-concept floor plans, high-end finishes, and modern smart home technology [3]. - The final available home, the Bronte Transitional quick move-in home, provides over 3,400 square feet of luxury living space, including a first-floor primary bedroom suite, with a delivery date set for early 2026 [3]. Group 2: Location and Lifestyle - The community is situated in a tranquil setting among picturesque lakes and lush groves, while also providing access to downtown shopping, dining, and the vibrant Orlando metropolitan area [5]. - Fontaine is located within the top-rated Seminole County Public Schools district and offers year-round outdoor activities with surrounding parks, trails, and nearby lakes [8]. Group 3: 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 symbol "TOL" [9]. - The company operates in over 60 markets across the United States, catering to various buyer segments, including first-time, move-up, active-adult, and second-home buyers [9]. - Toll Brothers has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years and Builder of the Year by Builder magazine [10].

Core Viewpoint - Toll Brothers, Inc. (NYSE:TOL) is experiencing a cautious outlook from JPMorgan, which has lowered its price target while maintaining an Overweight rating due to below-estimate guidance for fiscal 2026 closings and gross margins [2]. Group 1: Financial Performance - For fiscal Q4 2025, Toll Brothers reported 2,598 signed contracts, exceeding Bloomberg's expectation of 2,475 [3]. - The company expects to deliver between 10,300 and 10,700 homes in fiscal 2026, which is below Bloomberg's consensus estimate of 10,843 [4]. Group 2: Market Dynamics - CEO Doug Yearley highlighted that the luxury segment remains strong, catering to affluent buyers less affected by affordability issues, with many customers opting to trade up to new homes despite higher costs [5]. - A decline in mortgage rates from nearly 7% to below 6.3% during the quarter has supported demand, prompting builders to offer incentives like mortgage rate buydowns to attract buyers [5].

Core Insights - US corporations are potentially underutilizing cash management strategies, with research indicating that a more dynamic cash allocation approach yields higher returns compared to static management [1][2]. Cash Management Trends - Cash allocations at US corporations have decreased by 50% since 2021, driven by higher interest rates leading firms to invest in higher-yielding Treasury bills [3]. - Median allocations to US Treasuries increased from 3% to 20% during the same period, indicating a shift towards prioritizing yield over idle cash [3]. Investment Recommendations - Morgan Stanley recommends focusing on companies with strong cash reserves, as these firms are better equipped to handle economic downturns [4]. - Free cash flow is highlighted as a significant advantage, allowing companies to fund growth, reduce debt, or support initiatives without heavy reliance on external financing [4]. Methodology for Stock Selection - The article utilized a stock screener to identify companies with a price-to-free-cash-flow ratio below 15 and a market capitalization of at least $10 billion, focusing on those with the highest trailing twelve-month operating cash flows [7]. - Hedge fund sentiment was also considered, as research shows that imitating top hedge fund stock picks can lead to market outperformance [8]. Company Highlights - **Toll Brothers, Inc. (NYSE:TOL)**: - Operating cash flow is reported at $1.1 billion, with 51 hedge fund holders [9]. - The company exceeded expectations in quarterly orders but provided lower full-year guidance for 2026 [11]. - CEO noted that the luxury market remains strong, with demand supported by a decline in mortgage rates [13]. - **DocuSign, Inc. (NASDAQ:DOCU)**: - Operating cash flow is also reported at $1.1 billion, with 60 hedge fund holders [15]. - The company experienced strong growth in Q3 2025, with revenue reaching $818 million, an 8% year-over-year increase [17]. - Free cash flow rose to $263 million, enabling a $215 million share repurchase, marking the largest quarterly buyback to date [17].

Core Insights - Toll Brothers, Inc. has announced the grand opening of The Cove Amenity Center at Regency at Waterset, a 55+ active-adult community in Apollo Beach, Florida, which is now open for daily tours [1][3] Group 1: Amenities and Lifestyle - The Cove amenity center features resort-style amenities including a state-of-the-art fitness center, a swimming pool, a social room, and an on-site Lifestyle Director for organizing events [3][5] - The community offers over 12 miles of scenic walking and fitness trails, promoting an active lifestyle in a coastal setting [3] Group 2: Housing Options - Regency at Waterset includes three collections of low-maintenance single-family homes and villa-style duet residences, with sizes ranging from approximately 1,600 to over 2,500 square feet and options for 2 to 4 bedrooms [6] - Homes are designed with open floor plans and luxurious finishes, with pricing starting from the mid-$300,000s [6] Group 3: Home Buying Experience - The Toll Brothers Design Studio provides a one-stop shopping experience for home buyers to personalize their homes with a wide array of selections [7] - Quick move-in homes with designer-appointed features are available, allowing buyers to start enjoying the community amenities immediately [7] Group 4: Location and Accessibility - The community is gated and low-maintenance, located in close proximity to the Gulf, beaches, shopping, dining, and golf courses, with easy access to Interstate 75 for travel to Tampa and other Central Florida attractions [9]

Core Insights - Toll Brothers, Inc. announces the final opportunity to purchase luxury townhomes at The Brix at The Packing District in Orlando, Florida, with prices starting from the upper $500,000s [1][4] Group 1: Community Features - The Brix at The Packing District consists of 135 townhomes with modern floor plans ranging from 1,815 to 2,085 square feet, featuring 3 bedrooms, 3 baths, and 2-car garages [2] - Each home includes rooftop terraces, providing additional space for relaxation and entertainment [2] - The community promotes a low-maintenance lifestyle, making it an attractive option for those seeking convenience and style [2] Group 2: Amenities and Location - Residents enjoy amenities such as a dog park, park-like gathering areas, and proximity to various recreational facilities including the Orlando Tennis Centre and a regional park [5] - The community is conveniently located near top-rated schools, shopping, dining, and major highways, enhancing its overall appeal [5] Group 3: Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been in operation for 58 years, becoming a public company in 1986 [7] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a wide range of housing options for various buyer demographics [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 Insights - Toll Brothers, Inc. is launching a new luxury home community named Waterford Pointe in Piedmont, South Carolina, which will feature 28 single-family homes on estate-sized lots with some having water views and direct access to the Saluda River [1][2] Group 1: Community Features - Waterford Pointe will offer estate-sized home sites of up to three acres, with modern two-story home designs ranging from 3,543 to over 4,680 square feet, including 4 to 5 bedrooms and 3.5 to 5.5 bathrooms [2] - Homes will be priced starting from the low $900,000s, and select designs will include basements for additional entertaining space [2] Group 2: Location and Amenities - The community is located just 10 miles from downtown Greenville, providing residents with convenient access to everyday amenities and local transit options [5] - Waterford Pointe is served by top-rated public schools in Anderson School District One, including Powdersville Elementary, Middle, and High Schools [5] Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been in operation for 58 years, becoming a public company in 1986 [7] - The company operates in over 60 markets across 24 states and offers a range of services including architectural, engineering, and mortgage services [8]

Core Insights - Toll Brothers, Inc. has launched the Sawgrass home design in the Lago Collection at Regency at Babcock Ranch, a 55+ active-adult community in Punta Gorda, Florida, with homes starting from the low $300,000s [1][4] Group 1: Company Overview - Toll Brothers is recognized as the nation's leading builder of luxury homes and operates in over 60 markets across 24 states [8] - The company has been listed as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple accolades, including Builder of the Year [9] Group 2: Product Offering - The Sawgrass design features a 2.5-car garage, catering to the active lifestyle of residents, and enhances the resort-style living experience [1][4] - Homes in the community range from approximately 1,600 to over 3,000 square feet, with options for 2 to 4 bedrooms and up to 3.5 baths, allowing for flexible floor plans and luxury outdoor living [4] Group 3: Community Amenities - Regency at Babcock Ranch offers a private amenity center with a resort-style pool, spa, fitness center, and various sports courts, along with scenic walking and biking trails [2][4] - Residents have access to extensive amenities within the Babcock Ranch master plan, including parks, lakes, and a putting green [2] Group 4: Customer Experience - Home shoppers can personalize their homes at the Toll Brothers Design Studio, which provides a wide array of selections with professional assistance [5] - Quick move-in homes are available for buyers looking to start their new lifestyle promptly [6]

Financial Performance - In fiscal year 2025, net contracts signed amounted to $9.85 billion for 9,943 homes, compared to $10.07 billion for 10,231 homes in fiscal year 2024, and $7.91 billion for 8,077 homes in fiscal year 2023[57]. - As of October 31, 2025, the company had a backlog of $5.49 billion, representing 4,647 homes, with approximately 98% expected to be delivered by October 31, 2026[64]. - The company recognized income from unconsolidated entities of $19.1 million in fiscal 2025, compared to a loss of $(23.8) million in fiscal 2024 and income of $50.1 million in fiscal 2023[69]. Land and Home Sites - As of October 31, 2025, the company owned or controlled approximately 76,100 home sites, an increase from approximately 74,700 home sites at October 31, 2024[41]. - The aggregate purchase price of land parcels subject to option and purchase agreements was approximately $7.54 billion, with $744.5 million already paid or deposited[45]. - The company expects to purchase approximately 8,800 additional home sites from several Land Development Joint Ventures over the coming years[42]. - The company acquired control of approximately 12,700 home sites in fiscal year 2025, net of options terminated and lots sold[41]. - At October 31, 2025, the percentage of home sites optioned was approximately 57%, up from 55% at October 31, 2024[41]. - At October 31, 2025, the company had agreed to acquire 832 home sites for approximately $111.3 million and expects to purchase an additional 8,800 home sites over the coming years[71]. Financing and Debt - The mortgage subsidiary, Toll Brothers Mortgage Company, financed $2.64 billion in settlements in fiscal year 2025, capturing 43.4% of total settlements[61]. - Cash down payments from home buyers averaged approximately 7% of the total purchase price of a home in fiscal year 2025[57]. - Total fixed-rate debt amounts to $1,990,612 thousand with a weighted average interest rate of 4.68%[291]. - Total variable-rate debt amounts to $797,301 thousand with a weighted average interest rate of 5.37%[291]. - The company has $107,896 thousand maturing in 2026 at a 3.64% interest rate[291]. - The company has $507,878 thousand maturing in 2027 at a 4.91% interest rate[291]. - A 1% increase in interest rates would increase annual interest incurred by approximately $8.0 million[291]. - The fair value of fixed-rate debt at October 31, 2025, is estimated at $1,998,222 thousand[291]. - The fair value of variable-rate debt at October 31, 2025, is estimated at $800,000 thousand[291]. - The company has $650,000 thousand of variable-rate debt maturing in 2030 at a 5.14% interest rate[291]. - The company has $553,404 thousand of fixed-rate debt maturing thereafter at a 5.54% interest rate[291]. - Bond discounts, premiums, and deferred issuance costs net total $(14,220) thousand for fixed-rate debt and $(2,699) thousand for variable-rate debt[291]. Investments and Joint Ventures - Investments in unconsolidated entities totaled $1.03 billion as of October 31, 2025, with an additional commitment of up to $331.2 million for further funding if required[68]. - The company had $553.4 million invested in 21 Land Development Joint Ventures, with funding commitments of $315.5 million to 11 of these ventures[70]. - The company had an aggregate of $448.5 million in investments in 21 Rental Property Joint Ventures, with total loan commitments of $2.07 billion and outstanding borrowings of $1.77 billion[74]. Market and Competitive Environment - The home building business is highly competitive, with the company competing on price, location, design, quality, service, and reputation[65]. - The company is exposed to market risk primarily due to fluctuations in interest rates, affecting earnings and cash flow for variable-rate debt[290]. Workforce and Operations - The company employed approximately 4,900 full-time employees as of October 31, 2025, focusing on attracting and retaining talent[82]. - The company has significant land under control for which approvals have been obtained or are being sought, ensuring adequate supply for future development[46]. - The company is subject to various regulatory and environmental laws that may increase costs and delay community openings[75]. - The company has a two-step sales process, with non-binding reservation agreements tracked weekly to monitor demand strength in communities[56].