Goldman Sachs upgraded Toll Brothers Inc (NYSE:TOL) to "neutral" from "sell" earlier, with the analyst in coverage noting the homebuilder's outperformance due to new home sales, as well as tailwinds from customization and upgrades. TOL was last seen flat at $119.32.Analysts were already bullish toward TOL coming into today, with 12 of the 18 in question calling it a "buy" or better, while the 12-month consensus target price of $138.39 is a lofty 15.4% premium to current levels.The equity is not far off its ...

CAMBRIDGE, Mass., June 13, 2024 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, along with joint venture partner PGIM, announced the grand opening of The Laurent, a new seven-story, 525-unit luxury mid-rise multifamily community in Cambridge, Massachusetts. Construction of The Laurent was financed through a $142 million construction loan facility from Wells Fargo Bank, N.A as Admin Agent, and BNY Mello ...

CAMBRIDGE, Mass., June 13, 2024 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, along with joint venture partner PGIM, announced the grand opening of The Laurent, a new seven-story, 525-unit luxury mid-rise multifamily community in Cambridge, Massachusetts. Construction of The Laurent was financed through a $142 million construction loan facility from Wells Fargo Bank, N.A as Admin Agent, and BNY Mell ...

ATLANTA, June 13, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, announced its stunning new model home is now open at Beckham Place at Morningside, a community of luxury townhomes in Atlanta, Georgia. Beckham Place at Morningside offers 60 new construction townhomes, each with rooftop terrace views. Home prices start in the low $700,000s. The Toll Brothers Sales Center and model home are open and available for tours at 1770 Beckham Place in Northeast A ...

ATLANTA, June 13, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, announced its stunning new model home is now open at Beckham Place at Morningside, a community of luxury townhomes in Atlanta, Georgia. Beckham Place at Morningside offers 60 new construction townhomes, each with rooftop terrace views. Home prices start in the low $700,000s. The Toll Brothers Sales Center and model home are open and available for tours at 1770 Beckham Place in Northeast A ...

LITTLETON, Colo., June 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Toll Brothers at Ken-Caryl Ranch, is coming soon to the intersection of Alkire and Ken Caryl Parkway in Littleton, Colorado. Construction of the Sales Center and model homes is set to begin in fall of 2024 and sales will also start this fall. Located in the esteemed Ken-Caryl master plan, Toll Brothers at Ken-Caryl Ranch will include 108 new ...

LITTLETON, Colo., June 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at Ken-Caryl Ranch, is coming soon to the intersection of Alkire and Ken Caryl Parkway in Littleton, Colorado. Construction of the Sales Center and model homes is set to begin in fall of 2024 and sales will also start this fall. Located in the esteemed Ken-Caryl master plan, Toll Brothers at Ken-Caryl Ranch will include 108 new ...

WEDDINGTON, N.C., June 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Luna Estates, is coming soon to Weddington, North Carolina. The Toll Brothers Sales Center and model home will be located at 5932 Weddington Matthews Road, with construction and sales expected to begin in fall 2024. Luna Estates will be an intimate collection of 18 new homes on large home sites featuring expansive floor plans with optional mu ...

WEDDINGTON, N.C., June 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Luna Estates, is coming soon to Weddington, North Carolina. The Toll Brothers Sales Center and model home will be located at 5932 Weddington Matthews Road, with construction and sales expected to begin in fall 2024. Luna Estates will be an intimate collection of 18 new homes on large home sites featuring expansive floor plans with optional mu ...

Toll Brothers, Inc. (TOL) is benefiting from strong demand for new homes, driven by a resilient economy and a significant housing supply shortage. Also, the emphasis on affordable luxury communities, build-to-order model and land acquisition strategies bode well.This Zacks Rank #3 (Hold) company’s shares have surged 55.5% in the past year compared with the Zacks Building Products - Home Builders industry’s 33.9% growth. However, high mortgage rates and higher land and labor costs are a concern.The company’s ...