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, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.17 per share, to be paid on October 22, 2021. Shareholders on record as of the close of business on October 8, 2021 will be eligible for this dividend. This marks a continued commitment to rewarding shareholders amid the company's growth as a leading builder of luxury homes across numerous states. Toll Brothers has been recognized as one of FORTUNE magazine’s World’s Most Admired Companies for ten consecutive years.
Toll Brothers, a leading luxury home builder, has announced a new single-family home community named Knightdale Station in Wake County, N.C. This community will feature 55 homes with 4-5 bedrooms, priced starting in the mid-$500,000s. Homes will range from 3,187 to 3,611 square feet and include top-notch finishes. Residents will benefit from nearby greenways, parks, and educational options like Thales Academy. Knightdale Station is strategically located near I-540, enhancing access to Downtown Raleigh and Research Triangle Park.
Toll Brothers has entered a multi-year exclusive agreement with SunPower to be the sole provider of solar technology in Toll Brothers homes throughout California. This partnership includes preferred rates and expands solar storage solutions with SunPower’s SunVault system. Nearly all new homes will feature the SunPower Equinox solar system, enhancing energy efficiency and offering backup power options. The agreement also establishes a framework for future expansion into additional markets, aligning with Toll Brothers’ commitment to sustainability.
Toll Brothers has announced a significant management restructuring. Robert Parahus has been promoted to President and Chief Operating Officer, effective November 1, 2021, overseeing homebuilding operations in 24 states. Karl Mistry and Seth J. Ring have been promoted to Executive Vice President, responsible for East and West operations, respectively. This succession plan was initiated in 2019 and aims to strengthen leadership while preparing the company for future growth in luxury homebuilding.
Toll Brothers has launched its Ridge at Hillcrest community in Porter Ranch, offering the only single-story home designs in the area. The community features 40 estate-sized home sites with prices starting at $1.9 million, ranging from 3,900 to 5,000+ sq. ft.. Twelve model homes have been released, showcasing high-end upgrades and designer features. Ridge at Hillcrest provides access to local amenities, top-ranked schools, and the future 50-acre Porter Ranch community park, with no Mello Roos and low property tax rates.
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Toll Brothers, Inc. (NYSE:TOL) reported strong third quarter results for FY 2021, with net income rising to $234.9 million, or $1.87 per share, compared to $114.8 million, or $0.90 per share in FY 2020. Home sales revenues increased by 37% to $2.23 billion, with a record net signed contract value of $2.98 billion. Backlog value reached $9.44 billion, up 55% year-over-year. The company expects continued strong demand driven by favorable market conditions and an increase in community count projections for FY 2022. Adjusted home sales gross margin improved to 25.6% from 23.9%.
Toll Brothers (NYSE: TOL) and Equity Residential (NYSE: EQR) have formed a strategic partnership to develop rental apartment communities in key U.S. markets, including Atlanta, Boston, and Seattle. Equity Residential will provide 75% of the equity for projects, while Toll Brothers will contribute 25%. The partnership aims for a minimum co-investment of $750M, with initial projects costing approximately $242M. Toll Brothers will manage these developments, enhancing capital efficiency, while Equity Residential will gain management fees and the option to acquire properties at stabilization.
Toll Brothers has launched its latest luxury community, Toll Brothers at Bella Collina, located in Montverde, Florida. This upscale estate collection features one- and two-story homes ranging from 4,296 to over 7,000 square feet, with prices starting at $1.1 million. The community is set in a scenic area, just 30 minutes from Orlando, and includes exclusive amenities such as a golf course and a large clubhouse. The model home is expected to begin construction soon, showcasing the high-end lifestyle offered by this new development.