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Toll Brothers Inc. (TOL)

  • Feb. 6, 2012, 3:04 PM
    Raymond James cut five homebuilder stocks today on valuation after the sector's significant outperformance in recent months amid the seasonal "Hope Trade," citing concerns of a disappointing spring selling season. It downgrades KB Home (KBH -3.2%) and Ryland Group (RYL -1.1%) to Underperform, and Lennar (LEN -2.9%), Toll Brothers (TOL -2.1%) and PulteGroup (PHM -0.5%) to Market Perform.
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  • Jan. 19, 2012, 11:09 AM
    What was that about a housing recovery? Homebuilder stocks fall as housing starts fell 4.1% last month, after yesterday's report that sentiment among builders had risen to its highest level since 2007. Ratings of several homebuilders - including DHI -1.7%, LEN -0.9% and TOL -2.1% - were cut to Neutral from Buy, while KBH -1.1% and MTH -3.3% were slashed to Sell by UBS.
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  • Jan. 18, 2012, 1:00 PM
    "Nothing says 'capitulation' like Calpers dumping sites at $35K a pop," tweets Jeff Matthews of the pension giant unloading thousands of properties on which it probably paid an average price in the $75K-$150K range. The fund now looks to real estate for stability and an inflation hedge, rather than for high yields. (see also)
  • Jan. 18, 2012, 12:50 PM
    It's only January 18, but is it possible the 2012 housing rebound play is already getting a bit crowded? The XHB +10.9%, TOL +14.3%, LEN +16.3%, HD +6.3% YTD. Even bigger winners are building materials firms, USG +42.5%, PATK +50% YTD. Arguing for an even bigger run is most of these stocks are higher off of very low bases.
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  • Jan. 18, 2012, 10:44 AM
    Shares of home builders pop (XHB +2%) after the NAHB index rose for the fourth straight month to its highest level since June 2007: HOV +7.5%, PHM +4.4%, LEN +3.5%, TOL +2.9%, KBH +4.1%, BZH +5.1%. But BTIG's Dan Greenhaus reminds that the index is at 25, still very low, and many headwinds remain that "should prevent broad improvement."
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  • Jan. 9, 2012, 5:48 PM
    Like JGB bears, eventually bulls on home builders will be proven correct. A Goldman study finds home prices at least 5% undervalued in 94 of 147 tracked metro areas. The most geographically diversified of the builders, D.R. Horton (DHI) could be the best proxy for a housing comeback. Maybe with more upside, but also riskier because of the energy component, is Meritage (MTH) and its exposure to Texas.
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  • Dec. 29, 2011, 9:10 AM
    Previously bearish big players are betting on a rebound in housing, buying the stocks and bonds of builders such as Pulte (PHM), Beazer (BZH), and Hovnanian (HOV). Ivy Zelman switches sides as well, believing higher rents will push would-be buyers out of their apartments. "The smartest money in the world has been carried out on stretchers betting on a true recovery for housing," cautions Mark Hanson.
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  • Dec. 22, 2011, 6:12 PM
    The one part of housing that's doing well is remodeling, and Jerry Khachoyan's charts pinpoint stocks flirting with attractive entry points: Watch home improvement chains HD and LOW, building products maker MAS, and paint manufacturers SHW and VAL, plus Toll Brothers (TOL), which caters to the affluent who convert rental apartments into luxury homes.
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  • Dec. 22, 2011, 2:44 PM
    The chairman of Toll Brothers (TOL -1%), Robert Toll, sold 1M shares of the company he helped found, according to a SEC filing. Shares of TOL are up over 50% from their summer lows.
  • Dec. 20, 2011, 10:25 AM
    Home builders (XHB +4.2%) rally on news that housing starts hit their highest annual rate since April 2010, and reinforcing recent numbers showing gains in builder sentiment and increases in sale prices: LEN +4.9%, DHI +4.8%, PHM +7%, TOL +5.4%, RYL +4.6%, KBH +5.5%.
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  • Dec. 19, 2011, 9:10 AM
    Lennar (LEN) is expanding its presence in the Pacific Northwest, acquiring 650 finished homesites from Seattle-based builder Premier Communities, and announcing plans to build new homes in the Portland area. The news comes a month after Toll Brothers (TOL) acquired a builder of Seattle-area luxury homes.
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  • Dec. 14, 2011, 12:50 PM
    Toll Brothers (TOL -2.3%) dips after Stifel Nicolaus cut the shares to Sell on valuation, saying the seasonal pattern of buying homebuilders ahead of a potential turn in the spring has run its course, with limited potential for further gains.
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  • Dec. 13, 2011, 11:16 AM
    Toll Brothers (TOL -2.9%) slides for a second straight day as Citigroup downgrades the homebuilder to Neutral, based primarily on valuation after shares have risen 18% in the past five weeks. Yesterday, KeyBanc cut TOL and Lennar (LEN -1.2%) to Hold, finding the stocks "best in class" but with "unwarranted" optimism tied to the spring trade and positive housing data.
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  • Dec. 7, 2011, 2:48 PM
    Homebuilders trade lower after a report by Fannie Mae indicates consumers are expecting home prices to rise for the first time in six months: PulteGroup (PHM -2.4%), KB Home (KBH -1.5%), Toll Brothers (TOL -2.4%), Standard Pacific (SPF -1.2%).
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  • Dec. 6, 2011, 4:16 PM
    Toll Brothers (TOL +2.7%) finishes higher after its FQ4 results beat expectations earlier today, as the luxury homebuilder posted better revenue on more homes deliveries. Looking to the new fiscal year, the company estimates it will deliver between 2,400 and 3,200 homes at an average price between $550K and $575K per home.
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  • Dec. 6, 2011, 5:56 AM
    Toll Brothers (TOL): FQ4 EPS of $0.09 beats by $0.03. Revenue of $428M (+6.3% Y/Y) beats by $10M. (PR)
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Company Description
Toll Brothers Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.