Toll Brothers (TOL)

• Market cap: $12.5B
• 1 day: 1.33%
• 5 days: -6.67%
• 1 month: -17.42%
• 3 months: -16.61%
• 6 months: 8.45%
• Year to date: 24.48%
• 1 year: 22.85%
• 5 years: 213.78%
• 10 years: 285.76%
• Sector: Industrials
• Industry: Operative Builders

About: Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-homebuyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the US It has its headquarters in Horsham, Pennsylvania.

Employees: 4,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

61% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 83

30% more capital invested

Capital invested by funds: $10.4B [Q2] → $13.5B (+$3.11B) [Q3]

25% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 10 (+2) [Q3]

8% more funds holding

Funds holding: 650 [Q2] → 701 (+51) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 237 | Existing positions reduced: 238

1.33% less ownership

Funds ownership: 87.94% [Q2] → 86.61% (-1.33%) [Q3]

17% less call options, than puts

Call options by funds: $294M | Put options by funds: $355M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $150 20% upside
• Avg. target: $170 35% upside
• High target: $189 51% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

JP Morgan Michael Rehaut 63% 1-year accuracy 10 / 16 met price target	20% upside $150	Neutral Downgraded	13 Dec 2024
Oppenheimer Tyler Batory 35% 1-year accuracy 15 / 43 met price target	51% upside $189	Outperform Maintained	12 Dec 2024
Evercore ISI Group Stephen Kim 12% 1-year accuracy 3 / 25 met price target	47% upside $184	Outperform Maintained	11 Dec 2024
RBC Capital Mike Dahl 54% 1-year accuracy 31 / 57 met price target	20% upside $150	Outperform Maintained	11 Dec 2024
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target	40% upside $175	Outperform Upgraded	25 Oct 2024