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Toll Brothers Inc. (TOL)

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  • Jul. 16, 2013, 7:54 AM
    With house prices rising, profits healthy and financing available, large publicly traded house-builders such as Lennar (LEN), NVR (NVR) and Toll Brothers (TOL) have been buying up their smaller privately held rivals, which have had trouble getting funding for new developments. Ryland Group (RYL) is onto its third acquisition in a year. To stay independent, some private companies have listed, with three IPOs in the sector taking place since January.
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  • Jul. 15, 2013, 3:59 PM
    Lit up bright red on an otherwise quiet day are the homebuilders (XHB -1%). Lennar's (LEN -4.1%) big move puts it down 8% YTD as the benign interest rate scenario of the past many months/years becomes less so. Others: Pulte (PHM -3.3%), Toll (TOL -2.2%), Ryland (RYL -2.6%), D.R. Horton (DHI -4.6%).
  • Jul. 5, 2013, 10:07 AM
    The homebuilders (XHB -1.3%) take today's sharply higher interest rates hard. Lennar (LEN -3.9%), D.R. Horton (DHI -3.3%), Pulte (PHM -3.1%), Toll Brothers (TOL -3.3%).
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  • Jun. 25, 2013, 2:15 PM
    Home builder stocks are enjoying a good day today on the back of better results from Lennar (LEN), along with above consensus results from Case-Shiller's Home Price Index in April and strong May New Home Sales. Despite the positives, Wells Fargo's Adam Rudiger thinks it's too soon to dismiss the potential impact of rising mortgage rates. The 30-year fixed rate mortgage averaged 3.62% during LEN's Q2, Rudiger notes, well below the 4.51% average rate as of yesterday.
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  • Jun. 24, 2013, 9:20 AM
    Goldman Sachs initiates or resumes coverage on several housing plays, recommending Taylor Morrison Home (TMHC), NVR (NVR), M.D.C. Holdings (MDC), KB Home (KBH), D.R. Horton (DHI) and Beazer Homes (BZH) at "Neutral" (I, II, III, IV, V, VI). Goldman resumes Meritage Homes (MTH), Toll Brothers (TOL) and Ryland Group (RYL) at "Buy" (I, II, III) and adds the latter to its Americas Conviction Buy List, but it grades PulteGroup (PHM) as a "Sell," due to growth that lags its peers.
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  • Jun. 20, 2013, 12:09 PM
    Despite better Existing Home Sale numbers for May, homebuilder stocks are taking a hit amid worries about the Fed tapering its stimulus program: M/I Homes (MHO -6%), PulteGroup (PHM -8.2%), Ryland (RYL -8.2%), Toll Brothers (TOL -5.4%), D.R. Horton (DHI -7.1%) and KB Home (KBH -6.1%).
  • Jun. 10, 2013, 9:22 PM
    Lennar (LEN -3.37%) suffered today after a J.P. Morgan downgrade. Morgan analysts lowered the stock to neutral from overweight and lowered the price target from $48 to $46.50, projecting "some modest near term downside risk." Collateral damage to housing stocks included Gafisa (GFA -6.21%),Toll Bros. (TOL -2.95%), Hovnanian (HOV -2.77%),  PulteGroup (PHM -1.99%), KB Home (KBH -1.78%).
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  • Jun. 7, 2013, 5:42 PM
    CNBC's Jim Cramer isn't worried so much about Fed tapering anymore. He's watching the 10-year bond. "When the ten-year goes down," Cramer says, "people step in and start buying." Stocks like Whirlpool (WHR), Toll Bros (TOL) banks that are levered to mortgages. If we can get 10-year rates to around 2.01% there, he thinks we could have a big rally. (Video).
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  • Jun. 4, 2013, 3:47 PM
    Toll Brothers (TOL -1.2%) slips today, despite being upgraded to a Buy by analyst Megan McGrath at MKM Partners. McGrath says that TOL's status as one of the more niche luxury homebuilders may become more valuable as the housing market continues to grow and lower end competition intensifies. She recommends investors buy the shares ahead of H213 as the stock could be pushed higher by the closing of the Touraine building.
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  • May 22, 2013, 9:17 AM
    Premarket gainers: ZLC +30%. MBND +24%. CLNT +23%. SKS +18%. ONCY +10%. BIOF +9%. TOL +6%. NTAP +6%. YGE +5%. GALE +5%.
    Losers: STP -9%. NBG -7%. BALT -9%. UAN -6%.
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  • May 22, 2013, 7:05 AM
    More on Toll Brothers (TOL) FQ2 earnings: Home deliveries up 33% in units, up 38% in dollars Y/Y. Average price of $577K, up from $557K a year ago. Average price of signed contracts of $678K, up from $585K a year ago. Backlogs up 52% in units (to 3,655) and 69% in dollars. Gross margin of 23.3% vs. 23.2% a year ago. "One year ago we were somewhat reluctant to raise home prices ... now we are finding ... a sense of urgency takes hold and demand continues to rise." Shares -0.6% premarket. CC at 2 ET. (PR)
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  • May 22, 2013, 5:55 AM
    Toll Brothers (TOL): FQ2 EPS of $0.14 beats by $0.06. Revenue of $516M beats by $4.94M. (PR)
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  • May 22, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: AEO, BAH, DSX, ELOS, EV, LOW, SPLS, TGT, TOL, ZLC
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  • May 21, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: AEO, BAH, DSX, ELOS, EV, LOW, SPLS, TGT, TOL, ZLC
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  • Apr. 24, 2013, 12:19 PM
    Meritage Homes (MTH +5.2%) moves higher today on a solid Q1 earnings beat this morning. The number of closed homes for the quarter jumped 17% as closing surged 39% and orders jumped 35%. What's really driving the stock right now is its forecast for FY13. The homebuilder's EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views - which were already double that from 2012. It now expects to earn between $2.20 - 2.45, versus Street estimates of $2.04.
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  • Apr. 22, 2013, 12:11 PM
    Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%.
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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.