Toll Brothers (TOL)

• Market cap: $13.5B
• 1 day: 0.63%
• 5 days: 9.76%
• 1 month: 1.83%
• 3 months: -13.73%
• 6 months: 5.45%
• Year to date: 8.51%
• 1 year: 36.68%
• 5 years: 205.93%
• 10 years: 307.11%
• 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: 4,900

Fund manager confidence

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

84% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 73

29% more capital invested

Capital invested by funds: $10.6B [Q2] → $13.6B (+$3.05B) [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

2.12% less ownership

Funds ownership: 89.65% [Q2] → 87.54% (-2.12%) [Q3]

17% less call options, than puts

Call options by funds: $304M | Put options by funds: $365M

Research analyst outlook

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

• Low target: $115 15% downside
• Avg. target: $161 19% upside
• High target: $189 40% upside

8 analyst ratings

• positive: 5 63%
• neutral: 2 25%
• negative: 1 13%

Barclays Matthew Bouley 44% 1-year accuracy 30 / 68 met price target	15% downside $115	Underweight Maintained	16 Jan 2025
UBS John Lovallo 52% 1-year accuracy 13 / 25 met price target	37% upside $185	Buy Maintained	8 Jan 2025
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	1% upside $137	Neutral Maintained	6 Jan 2025
JP Morgan Michael Rehaut 65% 1-year accuracy 11 / 17 met price target	11% upside $150	Neutral Downgraded	13 Dec 2024
Oppenheimer Tyler Batory 39% 1-year accuracy 14 / 36 met price target	40% upside $189	Outperform Maintained	12 Dec 2024