Toll Brothers Stock Price, News & Analysis

Toll Brothers Apartment Living and L+M Development Partners, in partnership with Goldman Sachs, have secured $160 million in construction financing for a new 561-unit community in Washington, D.C. This development will provide approximately 20% affordable housing and include public open spaces and extensive amenities. The project, located on a 6.7-acre site, is set to start construction and aims to offer a range of apartment sizes. With strong backing from financial partners and local organizations, it anticipates welcoming its first residents in 2022.

Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.11 per share, scheduled for payment on January 22, 2021. Shareholders of record as of the close of business on January 8, 2021 will be eligible to receive this dividend. The company, a leader in luxury home building, operates in 24 states and has been recognized as the World’s Most Admired Home Building Company for six consecutive years. It engages in various residential developments and offers an array of services, including architectural and engineering solutions.

Toll Brothers reported its fourth quarter results for FY 2020, showing a net income of $199.3 million ($1.55 per share), slightly down from $202.3 million ($1.41 per share) the previous year. Home sales revenues rose 9% to $2.50 billion, with deliveries up 10% to 2,940 homes. Notably, net signed contracts surged 63% to $2.74 billion, marking a record for the company. However, pre-tax income decreased to $267.0 million from $272.6 million. The FY 2021 guidance anticipates delivering 9,600 to 10,200 homes with an average price between $790,000 and $810,000.

CAVU Resources (OTC: CAVR) announced the successful closing of a $5.59 million contract with Toll Brothers (NYSE: TOL), marking the largest revenue-producing transaction in the company's history. The company reported a 475% increase in revenue for Q4 FY20, with eight weeks remaining in the quarter. Upcoming closings from Sinacori Builders include 6 custom properties, expected to generate an additional $3.85 million in revenue. The firm also purchased 16 development lots for $2.2 million, anticipating further growth in 2021.

Toll Brothers, the nation's leading builder of luxury homes, will hold a conference call on December 8, 2020, at 11:00 a.m. (EST) to discuss its fiscal 2020 results and the outlook for fiscal 2021. The company will announce its fourth quarter results on December 7, 2020, after market close. Investors can access the live call via the Toll Brothers website. Established in 1967, Toll Brothers operates in 24 states and is known for its wide range of luxury residential offerings. It has received numerous accolades for its performance in the home building industry.

Toll Brothers, the leading luxury home builder in the U.S., declared a quarterly cash dividend of $0.11 per share. Shareholders on record by October 9, 2020, will receive this dividend on October 23, 2020. Founded in 1967, Toll Brothers operates across 24 states, catering to various buyer segments. The company continues to enhance its market presence, demonstrating consistent growth and stability in the luxury housing sector.

Toll Brothers, the leading builder of luxury homes, announced a significant increase in net signed new home contracts for its fourth quarter-to-date, rising by 110% year-over-year to 1,678 homes from 800 homes for the same period in 2019. This surge in demand corresponds with a 114% increase in average monthly per-community contracts. Factors contributing to this trend include low interest rates and a shortage of homes. CEO Douglas C. Yearley, Jr. expressed confidence in the company's outlook for FY 2021, provided market conditions remain favorable.

Toll Brothers (NYSE: TOL) expands into the Colorado Springs market by acquiring Keller Homes, a prominent local builder with a reputation for quality. Keller has built nearly 4,000 homes and currently holds a backlog of 84 homes valued at approximately $44 million. This acquisition allows Toll Brothers to enhance its position in a dynamic housing market rated as the #1 hottest in the U.S. by USA Today. The deal also includes rights to purchase over 300 lots controlled by Keller, expanding Toll's reach in Colorado's residential market.