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$TOL

7 stories mentioning TOL

Every FINWIRES story that references TOL, newest first.

Wire

Toll Brothers Seen Benefiting From Luxury Buyer Resilience, RBC Capital Markets Says

Toll Brothers (TOL) is benefiting from a resilient luxury buyer base that continues to support demand despite broader weakness in consumer sentiment and confidence, RBC Capital Markets said in a Friday note.The firm said Toll Brothers' customers remain relatively insulated from macro headwinds, with 20% to 25% of buyers paying cash and the remainder carrying average loan-to-value ratios of about 70%. Demand is being driven more by low unemployment and strong equity markets, than by mortgage rate sensitivity, RBC said.Toll Brothers continues to view access to well-located land as a key driver of growth, margins and returns, according to the note.RBC said Toll Brothers' capital allocation strategy remains centered on investing for growth while returning capital through share repurchases, and that the company's recent acquisition of Buffington Home reflects its preference for niche, bolt-on deals with attractive growth and margin opportunities.RBC Capital Markets maintained its outperform rating on Toll Brothers and $158 price target.Price: $147.55, Change: $+0.34, Percent Change: +0.23%

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Wire

Toll Brothers Shares Rise After Keefe Bruyette & Woods Upgrade

Toll Brothers (TOL) shares were up 5.3% in Tuesday trading after Keefe Bruyette & Woods upgraded the stock to outperform from market perform and raised its price target to $161 from $158.Intraday trading volume stood at about 900,000 shares against a daily average of roughly 1.2 million shares.Price: $144.24, Change: $+7.08, Percent Change: +5.16%

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Research

Keefe Bruyette & Woods Upgrades Toll Brothers to Outperform From Market Perform, Lifts Price Target to $161 From $158

Toll Brothers (TOL) has an average rating of overweight and mean price target of $165.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: CFRA Upgrades Rating On Shares Of Toll Brothers, Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price is $141 (up from $134). This is based on 11x our FY 26 (Oct.) EPS view of $12.78, a premium to its historical P/E mean of 9.4x, reflecting the tight resale market but below its recent ~13x valuation as we expect competition in the segments TOL serves to increase. We lower our FY 26 EPS to $12.78 from $12.81 and FY 27 to $13.55 from $14.11. We see some conservatism in management's revenue guidance, but we also see some skepticism in expectations when it comes to the margin guidance. We think there is potential for these two items to neutralize each other in the current environment. Although higher interest rates do not help on the affordability front, they keep a lid on the existing housing market, which benefits homebuilders. We still expect TOL to face competition from other builders in 2026 but see the wealthier consumer cohorts remaining resilient, helping demand for TOL homes (ahead of small peers). We see TOL's pricing power as a plus as higher transport and input costs loom.

$TOL
Research

Research Alert: Toll Brothers Beats Q2 Estimates But Guides Q3 Below Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Toll Brothers' Q2 revenue of $2.51B (-7% Y/Y) beat guidance and consensus, delivering 2,491 homes (-14% units) at ~$1,009k ASP (+8% Y/Y). EPS of $2.72 beat $2.59 consensus, driven by stronger-than-guided adjusted gross margin of 26.2% and favorable home mix. Strong operational execution demonstrated pricing power and cost control, though inventory impairments surged to $32.5M from $9.8M prior year. Q3 guidance fell short of consensus due to pull-forward of closings into Q2, but management raised full-year guidance across all metrics. Net orders grew 8% to $2.81B with backlog ASP rising to $1,171.8k, indicating higher-quality pipeline. However, sales pace per community declined Y/Y and spring selling season momentum of +23% sequential order growth fell short of typical +55% advance. We believe the Q3 shortfall reflects timing rather than fundamental weakness, though inventory impairments and moderated sales pace warrant monitoring in a challenging market environment.

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Wire

Toll Brothers' Positive Margin Commentary Could Offset Q2 Orders Miss, Truist Says

Toll Brothers' (TOL) positive margin commentary could offset Q2 orders miss, but the stock's multiple is based on the view that the high-end housing market is holding up better than the low-end, Truist Securities said in a note Monday.The order volume will be heavily monitored, and shares could experience near-term weakness if orders miss Street expectations, the brokerage said.Despite the rate-driven sell-off in the group since the end of February, Toll Brothers remains the only stock in Truist's coverage that is not trading below its five-year average price-to-book ratio, according to the note.Truist sees Toll Brothers continuing to gain share in the high-end housing market long term, but said current market conditions do not support the flat underlying demand needed to sustain its absorption rates year-over-year.The brokerage added that it does not expect Q2 community count to reach the guidance and Street consensus of 455 active communities.The company is set to report Q2 results on Tuesday.Truist kept a buy rating on Toll Brothers with a price target of $170.Price: $126.68, Change: $+0.45, Percent Change: +0.36%

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US Markets

Homebuilders' Earnings Likely to be Weighed Down by War Fallout, Soft Spring Selling Season, Truist Says

Several key US homebuilders' earnings this year are likely to take a hit, as the economic fallout from the Middle East conflict weighs on an already-soft spring selling season, Truist Securities said Thursday.The brokerage lowered its bottom-line estimates for the upcoming quarter and full year for six homebuilders. These are D.R. Horton (DHI), Meritage Homes (MTH), NVR (NVR), PulteGroup (PHM), Taylor Morrison Homes (TMHC), and Toll Brothers (TOL).Truist also trimmed its price targets for the six stocks, as it factored in inflation and the erosion in consumer confidence amid higher oil prices driven mainly by the US-Israel war with Iran that broke out at the end of February."The timing of this war was very unfortunate," Truist analyst Jonathan Bettenhausen said in a note to clients. "While we think industry expectations for this spring selling season were already calling for a roughly down low-single-digit environment from last year, we find it unlikely that a significant deterioration in the geopolitical environment was factored into those expectations."The brokerage said that while it's not expecting "many beats" among the stocks it covers, its favorite going into the latest quarterly print is Taylor Morrison. That stock likely has "the most bad news priced in," Bettenhausen wrote."We think any optimism on the spring selling season has effectively evaporated, and we have lowered our demand assumptions accordingly for (the first half) quarters, but also for the back half of the year on worse spring (build-to-order) new order demand," the analyst said.With new home sales and new residential construction data for March yet to be released, alternative market indicators such as mortgage reports and Google Trends "do not yield encouraging demand trends, which in our view, confirms the prevailing market sentiment on demand," according to the note.On Wednesday, the National Association of Home Builders and Wells Fargo said US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates.The White House is optimistic about reaching a deal with Iran, noting that a potential second round of talks would likely be held in Pakistan. Over the weekend, US-Iran peace negotiations in Islamabad ended without a deal. Meanwhile, a two-week ceasefire between Washington and Tehran holds.Price: $144.72, Change: $+0.52, Percent Change: +0.36%

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