Welcome to our dedicated page for Toll Brothers news (Ticker: TOL), a resource for investors and traders seeking the latest updates and insights on Toll Brothers stock.
Toll Brothers, Inc. (NYSE: TOL) is a Fortune 500 homebuilder that describes itself as the nation’s leading builder of luxury homes, with communities in more than 60 U.S. markets. The Toll Brothers news feed on Stock Titan brings together company-issued announcements, community openings, and regulatory updates that shape the TOL stock story.
Recent news highlights the company’s active pipeline of new communities and home collections. Releases describe the launch of new luxury home collections at Sterling Grove in Surprise, Arizona, the opening of model homes at townhome communities such as Woodinville Square and Camas Meadows Crossing in Washington, and the debut of ranch-style single-level designs at Aurora Ridge at Great Sky in Canton, Georgia. Other updates cover new luxury communities like Ledgestone in Lawrenceville, Georgia, Vintage Grove in Fuquay-Varina, North Carolina, and final-home opportunities in Florida communities such as Crosswinds at Nocatee and Fontaine by Toll Brothers.
News items also address lifestyle and amenity developments, including the opening of The Cove amenity center at Regency at Waterset, a 55+ active-adult community in Apollo Beach, Florida. In addition, corporate press releases and related SEC filings report on leadership succession, such as the planned transition of the Chief Executive Officer role and changes in key finance and accounting positions.
By following the Toll Brothers news page, readers can review company communications on new community launches, model home openings, amenity additions, leadership changes, and periodic references to financial results press releases. This page can be revisited regularly to see how Toll Brothers describes its ongoing development activity and corporate milestones that may be relevant to TOL shareholders and prospective investors.
Toll Brothers (NYSE:TOL) announces the grand opening of the Edgewood East luxury community in East Cobb, Marietta, Georgia, featuring a model home designed to inspire potential buyers. The community offers 4 to 5 bedroom homes with open floor plans ranging from 3,675 to over 4,693 square feet. Prices start in the low $900,000s. Residents will enjoy resort-style amenities, including a pool, cabana, and community firepits. With a prime location near shopping and top-rated schools, Edgewood East is positioned as an appealing choice for luxury home buyers.
Toll Brothers (NYSE:TOL) has expanded amenities at its Riverton Pointe community in Hardeeville, South Carolina, enhancing its luxury living offerings. The new state-of-the-art fitness center opened in spring 2022, while a pro shop and Waterview Grill are under construction, expected to be completed in early 2023. Riverton Pointe, priced from the upper $400,000s, features 15 home designs with luxurious amenities, including an 18-hole golf course and resort-style pool. The community is conveniently located near shopping, dining, and entertainment options.
Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.20 per share payable on July 22, 2022. Shareholders of record must hold their shares by the close of business on July 8, 2022. This dividend reflects the company's commitment to returning value to its shareholders amidst its operations as a leading luxury home builder across 60 markets in 24 states.
Toll Brothers (NYSE:TOL) has commenced construction on the Chappaqua Crossing Carriages, a luxury home community in Chappaqua, New York. This project features 91 home sites with five distinct carriage-style designs ranging from 2,503 to 2,906 square feet. Sales are expected to begin this fall, with model homes set to debut this winter. Residents will benefit from nearby shopping, entertainment, and a top-ranked school district. The development aims to redefine luxury living with personalization options at the Toll Brothers Design Studio.
Toll Brothers (NYSE:TOL) has launched the Tres Lagos – Estate Collection, a new luxury home community in Harris County, Texas. This gated collection features one- and two-story homes on expansive lots, ranging from 3,600 to 5,400+ square feet, with prices starting in the low $900,000s. The community boasts modern designs with various amenities and is conveniently located near shopping, dining, and major highways. Residents will benefit from the award-winning Klein Independent School District and onsite amenities such as a clubhouse and proximity to golf and equestrian facilities.
Toll Brothers (NYSE:TOL) announced the opening of a new Design Studio in Alpharetta, Georgia, enhancing its luxury home offerings in the Atlanta area. This state-of-the-art facility provides home buyers with a retail-like experience, offering a selection of premium design options and expert consultations. The studio's opening aligns with Toll Brothers' strategy to cater to the growing demand for personalized home designs, reinforcing its reputation as a leading luxury builder.
Toll Brothers (TOL) announced the opening of its sales center and model home at Weslyn Park, a community of luxury single-family homes in Sunbridge, Florida. The Bunnell model features 5 bedrooms and 3.5 bathrooms, priced from the low $600,000s. Home designs range from 2,485 to 4,042 square feet with various architectural styles and smart home technology. Residents benefit from amenities like a community garden, playground, and walking trails. Brock Fanning, Division President, highlighted the blend of luxury and accessibility to nature.
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Toll Brothers, Inc. (NYSE:TOL) reported strong second quarter results for FY 2022, achieving net income of $220.6 million ($1.85 per share diluted), up from $127.9 million ($1.01 per share diluted) year-over-year. Home sales revenues rose 19% to $2.2 billion with 2,407 delivered homes, a record for the quarter. The backlog reached $11.7 billion, up 35% year-over-year. The company maintained its FY 2022 revenue growth projection of 20% and an adjusted gross margin target of 27.5%.
However, net signed contracts decreased 18% to 2,874 homes, indicating a potential softening in demand.
Toll Brothers, Inc. (NYSE: TOL) announces the retirement of David Keller, Division President, and Pam Keller, Vice President of Sales, effective June 2, 2022, after 38 years in the Colorado Springs market. Eric Hunter, the current Division Vice President, will succeed David Keller. The Kellers have built nearly 4,000 homes and established a strong reputation for innovation and quality in the industry. Their leadership has contributed to the company's successful integration into the Colorado Springs market since acquiring Keller Homes in 2020.