Toll Brothers, Inc. (TOL)

In the past six months, Toll Brothers' stock has experienced various movements. The stock's price increased by 8.54% over the last 12 months, with a year-to-date return of 1.30%. Over the past month, the stock decreased by 1.42%, and over three months, it decreased by 4.06%. As of February 6, 2026, the stock closed at $150.60. Recent community launches contributed to a 30-day share price return of 10.66% and a 1-year total shareholder return of 14.23%. A significant event was the company's Q4 2025 earnings call in December 2025, where better-than-expected quarterly orders were offset by full-year guidance for fiscal 2026 that fell below expectations, leading to a 3% drop in shares. The company reported 2,598 signed contracts for the three months through October 2025, exceeding the expected 2,475. However, the guidance for 10,300 to 10,700 home deliveries in fiscal 2026 was lower than the average analyst expectation of 10,843. Management also announced plans to fully exit the multifamily business over the next few years.

Demand for Toll Brothers' products and services exhibits seasonality, with the "spring selling season" being a crucial period for the housing market. Management has noted a marked increase in demand coinciding with the start of the spring selling season, typically from mid-January, influenced by factors such as a healthy job market, improving consumer sentiment, and continued low levels of resale inventory. Management also cautions against reading too much into sales figures from November and December due to inherent seasonality. Toll Brothers' luxury-focused business model helps in navigating softer demand environments, though the company has utilized sales incentives.

Toll Brothers, Inc. is an American homebuilding company specializing in luxury residential properties across the United States. Operating in the Consumer Cyclical sector, specifically in the Residential Construction industry, Toll Brothers offers detached and attached homes in luxury residential communities, as well as luxury mid- and high-rise urban condominiums through Toll Brothers City Living. The company also provides ancillary services such as architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing.

Toll Brothers operates in over 60 markets across 24 states and Washington, D.C. The company expanded from a regional builder in the metro Philadelphia/Central New Jersey area to a national builder with operations stretching from Baltimore to Boston by 1990, and further into California and Texas in the early 1990s. Recent community launches and plans have been noted across key U.S. markets including Florida, California, Nevada, Georgia, Pennsylvania, Michigan, New York, Texas, and New Jersey.

Toll Brothers maintains a strong brand reputation, particularly in the luxury homebuilding segment. For the ninth consecutive year, Toll Brothers was named the #1 Most Admired Home Builder on Fortune magazine's 2026 World's Most Admired Companies® list in January 2026. This recognition is based on ratings by executives, directors, and Wall Street analysts across criteria such as investment value, management quality, product quality, and social responsibility. The company has also been recognized as "Builder of the Year" by Builder magazine and is the first two-time recipient of the same award from Professional Builder magazine.

Toll Brothers, Inc. has a diverse ownership structure, with a substantial portion held by institutional investors, ranging from approximately 57.43% to 89.03%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Greenhaven Associates Inc, Capital World Investors, Fmr Llc, State Street Corp, IJH - iShares Core S&P Mid-Cap ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Dimensional Fund Advisors Lp, and Aqr Capital Management Llc. Individual ownership includes co-founder Robert I. Toll, who remains a significant individual shareholder, holding approximately 19.81% to 20.47% of the company's shares. Other insiders, including executives and directors, own a smaller but notable percentage.