The firm’s more lackluster recent margin performance is more reflective of the longer time it takes for higher selling prices to flow through revenue (longer build times), and not anything structural in nature.
Toll Brothers is positioned well within the luxury end of the housing market where buyers exhibit greater financial health and lower price elasticity, and public competition is more limited.
Toll Brothers’ ventures in City Living, Gibraltar, and Apartments will help the firm take advantage of greater growth opportunities in multifamily living and help smooth out earnings. Read more
Midcycle industry single-family housing production is being set lower given consumers’ lessened propensity to own a home, slower U.S. household formation, and people’s desires to live closer to city centers.
Toll Brothers’ recent ventures in City Living and Apartments raises the risk profile for the firm that already scores very high on structural capital intensity.
It is becoming increasingly difficult to source land "on the corner of Main and Main" given a shortage of large tracts of undeveloped land and an increasingly cumbersome land permitting process. Read more
Brothers Robert (“Bob”) and Bruce Toll founded Toll Brothers in 1967. Bob Toll, 71, had been the CEO since inception until June 2010, when he stepped down to hand the CEO reigns to Douglas Yearley. The former remains executive chairman of the board Read more
Toll Brothers, headquartered in Horsham, Pa., is a homebuilder targeting the move-up, active-adult, second home, and luxury buyer with a $573,000 average price point in Read more
Dividend Yields Attractive for Underperforming Stocks Watch more