The community, which offers 334 luxury apartment homes and upscale amenities, marked its grand opening with a ribbon cutting celebrationDALLAS, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Equity Residential, recently celebrated the grand opening of Lyle, a luxury mid-rise apartment community in Dallas, Texas. Located at 17727 Addison Road in Dallas, Lyle offers a ...

HUNTERSVILLE, N.C., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest master-planned community, Overbrook Estates, is coming soon to Huntersville, North Carolina, located off Highway 77 and Gilead Road. Construction of the Sales Center and model homes will begin in early spring 2025 and sales are expected to start in late spring 2025. Overbrook Estates will include 357 new homes, including ranch and two-story single-fam ...

Toll Brothers, Inc. (TOL) has faced investor disappointment after its fourth-quarter fiscal 2024 earnings release, with its shares declining more than 11% since then. The drop reflects concerns over volatile mortgage rates, affordability-driven market softness, and anticipated pressure on gross margins for fiscal 2025, which likely weighed on investor sentiment.If we look into this luxury homebuilder’s recent quarterly results, its earnings and revenues surpassed the Zacks Consensus Estimate and increased o ...

EL DORADO HILLS, Calif., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the final opportunity to purchase a new home at Hidden Ridge, an exquisite new home community in El Dorado Hills, California. Only a dozen new homes remain available for sale in this popular community, located at 7044 Grand Teton Drive in El Dorado Hills. Hidden Ridge offers four distinct floor plans, each showcasing open-concept home designs with first-flo ...

Toll Brothers TodayTOLToll Brothers$142.43 -3.17 (-2.18%) 52-Week Range$91.92▼$169.52Dividend Yield0.65%P/E Ratio9.82Price Target$151.07Add to WatchlistToll Brothers Inc. NYSE: TOL are down more than 5.5% the day after the company delivered its fourth quarter and full-year 2024 earnings report. This was a strong report by nearly every measure. However, the company is entering into what is typically its lightest quarter in terms of revenue.   If the past is any guide, the company’s stock may trade sideways f ...

I wrote about Toll Brothers (NYSE: TOL ) previously ( on 2nd September ) with a hold rating, as the valuation was not cheap, despite my view that demand remains strong. I have upgraded my rating from hold toI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [historical ...

LAGO VISTA, Texas, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the grand opening of its highly anticipated model home at Lakeside at Tessera, a community of new single-family homes on the picturesque shores of Lake Travis in Lago Vista, Texas. The newly opened Pickett model home, located at 22404 Lago Lookout Lane, showcases Toll Brothers' commitment to luxury design and superior craftsmanship. Situated on the cliffs of Lake Trav ...

SANFORD, Fla., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Skyway Landing, is coming soon to Sanford, Florida. This gated, low-maintenance community will feature new townhomes with luxurious features and onsite amenities. Located on Skyway Drive in Sanford, Skyway Landing is expected to open for sale in early 2025. Skyway Landing will offer four distinctive two-story townhome designs ranging from 1,500 ...

Financial Performance - Net income for FY 2024 was $1.57 billion, or $15.01 per diluted share, compared to $1.37 billion and $12.36 per share in FY 2023, representing a 14.6% increase in net income and a 21.3% increase in earnings per share [4]. - Net income for Q4 2024 was $475,409, compared to $445,536 in Q4 2023, reflecting a 6.7% increase [36]. - The net income for the year ending October 31, 2024, was reported at $1,571,195, up from $1,372,071 for the year ending October 31, 2023, indicating a growth of 14.5% [56]. - Basic earnings per share increased to $4.67 in Q4 2024 from $4.15 in Q4 2023 [36]. - Diluted earnings per share for October 2024 were $4.63, an increase from $4.11 in October 2023, representing a rise of 12.7% [56]. Revenue and Sales - Home sales revenues for FY 2024 reached $10.56 billion, up 7% from $9.87 billion in FY 2023, with delivered homes increasing by 13% to 10,813 units [4]. - Home sales revenue for Q4 2024 reached $3,260,004, a 10.4% increase from $2,951,904 in Q4 2023 [36]. - Total revenues for the twelve months ended October 31, 2024, were $10,846,740, up from $9,994,937 in the previous year [36]. - Home building revenues increased to $10,563.3 million in 2024 from $9,866.0 million in 2023, reflecting a growth of about 7.0% [43]. - Total contracts for 2024 amounted to $10,072.6 million, significantly higher than $7,907.8 million in 2023, showing an increase of about 27.5% [43]. Margins and Expenses - The adjusted home sales gross margin for FY 2024 was 28.4%, slightly down from 28.7% in FY 2023, while the home sales gross margin was 26.6%, compared to 26.9% in FY 2023 [4]. - Gross margin for home sales was 26.0% in Q4 2024, down from 27.5% in Q4 2023 [36]. - Selling, general and administrative expenses as a percentage of total revenue were 9.3% for the twelve months ended October 31, 2024, compared to 9.2% in the previous year [36]. - SG&A as a percentage of home sales revenues was 9.3% for FY 2024, compared to 9.2% in FY 2023 [4]. Assets and Liabilities - Total assets reached $13,367,932,000, up from $12,527,018,000, indicating a growth of about 6.7% [34]. - Total liabilities decreased to $5,681,217,000 from $5,713,816,000, a reduction of approximately 0.6% [34]. - The total debt as of October 31, 2024, was $2,832,919, slightly up from $2,860,467 in October 2023, showing a decrease of 1.0% [59]. - The net debt-to-capital ratio improved to 15.2% in October 2024 from 17.7% in October 2023, indicating a reduction in leverage [59]. Backlog and Contracts - The backlog value at the end of FY 2024 was $6.47 billion, down 7% from $6.95 billion in FY 2023, with homes in backlog decreasing by 9% to 5,996 units [3]. - The backlog at the end of October 2024 was $6,467.8 million, down from $6,945.3 million in 2023, indicating a decrease of approximately 6.9% [43]. - Net signed contract value for FY 2024 was $10.07 billion, a 27% increase compared to $7.91 billion in FY 2023, with contracted homes also up 27% to 10,231 units [4]. Inventory and Land - Inventory increased to $9,712,925,000 from $9,057,578,000, reflecting a growth of approximately 7.2% year-over-year [34]. - The company owned or controlled approximately 74,700 lots at the end of FY 2024, an increase from 70,700 lots at the end of FY 2023, indicating potential for future growth [15]. - Homes under construction amounted to $2,458,541 as of October 31, 2024, compared to $2,515,484 in the previous year [39]. - Inventory at October 31, 2024, included land deposits and costs of future communities totaling $620,040, up from $549,035 in the previous year [39]. Cash and Shareholder Returns - The company ended FY 2024 with $1.30 billion in cash and cash equivalents, maintaining the same level as at the end of FY 2023 [11]. - The company repurchased approximately 4.9 million shares at an average price of $127.79 per share for a total purchase price of $627.9 million during FY 2024 [4]. - Cash dividend declared increased to $0.23 per share in Q4 2024 from $0.21 in Q4 2023 [36]. Market Position and Outlook - The company anticipates continued demand for homes despite economic uncertainties, focusing on strategic land acquisitions and market expansion [26]. - Toll Brothers has been recognized as one of Fortune's Most Admired Companies for 10 consecutive years, highlighting its strong market position and reputation [21].

PALM SPRINGS, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Nola at Escena, will open for sale this Saturday, December 7, 2024. This exclusive Toll Brothers neighborhood of only 40 homes will offer the rare opportunity to own a new luxury home in the heart of a modern desert oasis in Palm Springs, California. The community is located at 1323 Celadon Street in Palm Springs. Located within the gated ...