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Toll Brothers Inc. (TOL)

- NYSE
  • Nov. 21, 2011, 10:36 AM
    Toll Brothers (TOL -0.6%) outperforms a bit after announcing it's acquiring CamWest, a major builder of luxury homes in the Seattle area. CamWest owns or controls 1,500 lots, and is expected to have 2011 revenue of roughly $90M. Toll Brothers believes the acquisition will be accretive to its FY12 earnings.
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  • Nov. 8, 2011, 9:35 AM
    Upscale homebuilder Toll Brothers (TOL +3.7%) opens higher after preannouncing FQ4 revenue of $427.7M (+6% Y/Y), $10.3M above consensus. The company is also reporting Q4 net signed contracts rose 24% Y/Y to $389.9M, and its year-end backlog rose 15%, to $981.1M.
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  • Oct. 18, 2011, 10:36 AM
    Homebuilder stocks, lower yesterday on a warning from Fitch Ratings, reverse track and move higher following the stronger-than-expected NAHB Housing report. Gainers: TOL +4.4%, KBH +4%, LEN +3%, MDC +3.8%.
    | 1 Comment
  • Oct. 17, 2011, 10:53 AM
    Homebuilders could face negative rating actions in the coming months, Fitch Ratings says, as "home prices likely [will] remain soft over at least the next few quarters." The pressures have already prompted recent Fitch downgrades of Beazer (BZH -2.2%), KB Home (KBH -4.8%) and Pulte (PHM -6.8%). Also: TOL -3.3%, DHI -4.5%, LEN -3.7%.
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  • Oct. 10, 2011, 3:43 PM
    Though homebuilders' stocks have been in the doldrums, UBS says the sector is worth a second look: "Although recent macro news has increased the potential for further downside in the broader housing market, we believe new homes are less susceptible to meaningful declines off current levels." They couldn't get much worse, could they? UBS likes DHI +4.1%, LEN +5.1%, TOL +1.6%.
    | 4 Comments
  • Oct. 7, 2011, 9:01 AM
    KB Home (KBH), Beazer Homes (BZH) and Toll Brothers (TOL) settle a court fight with their partner in a Las Vegas development that may make it easier for the $1.2B project to exit bankruptcy. KBH +2.7%, BZH +7.8% premarket.
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  • Sep. 21, 2011, 1:54 PM
    Did Ara Hovnanian (HOV) really not hear the questions, or did he just prefer not to answer them in his CNBC interview? When Jim Cramer raises issues of HOV's mounting losses, limited cash, increasing debt and the relatively healthy condition of rival Toll Brothers (TOL), Hovnanian claims he can't hear.
    | 4 Comments
  • Sep. 12, 2011, 4:04 PM
    Fitch Ratings cut its ratings on a host of home builders further down into junk territory on liquidity issues and weak demand. Slashed: BZH, KBH, RYL,USG. Spared: MDC, TOL.
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  • Sep. 9, 2011, 2:46 PM
    Homebuilders are getting clobbered again today: PulteGroup (PHM -4.2%), D.R. Horton (DHI -3.4%), KB Home (KBH -6.6%), Lennar (LEN -4.2%), Meritage Homes (MTH -6%), Toll Brothers (TOL -3.1%), Ryland (RYL -6.3%).
    | 1 Comment
  • Aug. 30, 2011, 12:23 PM
    Susquehanna issues a somewhat back-handed upgrade to three homebuilders today, upping them on valuation only after cutting its new home sales forecast to 339K from 355K. The firm raises Toll Brothers (TOL +1.5%) and NVR (NVR +1.1%) to positive, and KB Home (KBH +10%) to neutral (I, II, III), but asserts the ratings changes simply reflect current valuations relative to its revised forecast.
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  • Aug. 29, 2011, 4:33 PM
    Speculation President Obama's upcoming speech would entail a renewed effort to bail out the housing market helped push the hombuilding sector higher today: Masco (MAS +9.9%), Pulte (PHM +3.1%), Lennar (LEN +5.6%), D.R. Horton (DHI +6.6%), Ryland (RYL +8.5%), Toll Brothers (TOL +4.5%).
    | 6 Comments
  • Aug. 25, 2011, 11:51 AM
    RBC Capital cut its PT on Toll Brothers (TOL +0.5%) to $17 from $23 following the firm's Q3 earnings report yesterday showing slumping revenue. The luxury home builder's CEO said in a CC the pace of deals is below expectations this far along in a down cycle.
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  • Aug. 24, 2011, 10:22 AM
    Shares of Toll Brothers (TOL +3.6%) move higher after the firm delivers a Q2 earnings beat on lower revenue. The homebuilder only increased new orders from its affluent buyers by 2% in the last quarter, but the CEO says sales are "gaining traction."
    | 1 Comment
  • Aug. 24, 2011, 5:08 AM
    Toll Brothers (TOL): FQ3 EPS of $0.25 beats by $0.22. Revenue of -$394M (-13% Y/Y) misses by $10M. Says "consumer confidence is still weak and the housing sector remains in a fragile state." (PR)
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  • Aug. 24, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AEO, TOL
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  • Aug. 15, 2011, 3:31 PM
    Though the NAHB Housing Market Index was merely in-line with expectations, homebuilders are outperforming the market today, with highly beaten-down names such as Hovnanian (HOV +13.3%) and Beazer Homes (BZH +15.8%) performing especially well. DHI +3.8%. LEN +5.1%. TOL +3.5%. PHM +5.5%.
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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.