Toll Brothers Inc

NYSE: TOL
$113.16
-$0.26 (-0.2%)
Closing price April 18, 2024
Toll Brothers Inc is a prominent American home construction company specializing in luxury residential communities. With a focus on crafting high-end detached and attached homes, the company also ventures into condominiums under Toll Brothers City Living. It caters to a diverse clientele including first-time buyers, move-up buyers, empty-nesters, active adults, and those seeking second homes. Beyond construction, Toll Brothers offers customized interior options and develops amenities-rich communities. Its operations extend to architectural services, mortgage facilitation, and smart home technologies, emphasizing its comprehensive approach to luxury living since 1967.
Homebuilder stocks are getting beaten up Wednesday following another unwelcome earnings report. But there may be some hope for the sector, provided builders get a few breaks.
Homebuilder Toll Brothers reported third fiscal quarter revenue up 27% year over year and net income up 30%. The company also forecasts more of the same for the fourth quarter.
These four homebuilder stocks have big upside to their Merrill Lynch price targets, and the companies are among the biggest and the best in the business.
The American Dream of owning a home is indeed alive and well. These four homebuilder stocks have big upside to their Merrill Lynch price targets.
24/7 Wall St. has taken a look at some of the biggest analyst calls on Wednesday that are driving stocks and we have included some of the biggest analyst highlights.
The top analyst upgrades, downgrades and other research calls from Wednesday include Aetna, AIG, Applied Materials, Autozone, Delphi Technologies, First Solar and Toll Brothers.
A proposed change to the mortgage interest tax deduction drew some ire last week. The homebuilders were sold off in quick fashion, but the sell-off in the group may be way overdone.
The top analyst upgrades, downgrades and other research calls from Wednesday include AMD, Apple, Biogen, Capital One, Chipotle Mexican Grill, General Motors and 3M.
The top analyst upgrades, downgrades and other research calls from Thursday include Apache, Apple, Berkshire Hathaway, eBay, GrubHub, Hess, Nike, Nucor and Wayfair.
Homebuilder Toll Brothers beat profit estimates this morning, but revenues were a little short and full-year guidance was cut at the top-end.
The Commerce Department reported that construction spending was down in June. What was surprising was that the key exchange traded funds tracking homebuilders reacted favorably to the report.
Stocks were indicated marginally higher on Thursday after the European Central Bank statement remained quite dovish. The major equity indexes all remain just under all-time highs. Even though this...
Interest rates remain relatively low for homebuyers in need of a mortgage. Still, many local housing markets have experienced at least some buyer exhaustion and some trends feel like they have been...
Housing affordability has become stretched for many Americans, but if Merrill Lynch is proven correct, some of the homebuilder stocks still have more upside ahead.
The top analyst upgrades, downgrades and other research calls on Wednesday include Advanced Micro Devices, ConocoPhillips, Etsy, Marathon Oil, Square, Walt Disney and Windstream.