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 leading national luxury homebuilder shaping residential real estate through innovative communities and premium urban developments. This dedicated news hub provides investors and industry observers with comprehensive updates on corporate milestones, financial disclosures, and strategic initiatives.
Track official announcements including quarterly earnings results, executive leadership updates, partnership agreements, and market expansion plans. Our curated collection features press releases covering new community launches, sustainability initiatives, and operational achievements across Toll Brothers' 24-state footprint.
Discover timely insights into the company's luxury homebuilding operations, multifamily developments through Toll Brothers Apartment Living, and design innovation strategies. Content is organized for efficient navigation of material developments impacting both residential buyers and long-term investors.
Bookmark this page for direct access to verified information about TOL's market positioning, industry recognition, and community development projects. Check regularly for updates reflecting the company's performance in the premium housing sector and broader construction industry trends.
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.
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.
