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Toll Brothers (TOL) reported better-than-expected Q3 results, with earnings per share of $2.97 and revenue of $2.66 billion. CEO Karl Mistry cites solid performance in challenging market. Analysts raised price targets and stocks fell 2.6%.
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Toll Brothers announced Woodford Glen, a new luxury residential community in Horsham, Pennsylvania, featuring 22 single-family homes on one-acre sites priced from $1.6 million. The community is under site work with sales anticipated to begin in late fall 2026. Homes will range from 4,600 to 6,600 square feet with 4-5 bedrooms and modern amenities.
Toll Brothers opened Toll Brothers at Kresston, a new luxury home community in Montgomery County, Texas, featuring six home designs ranging from 3,293 to 4,802 square feet priced from the low $700,000s. The community includes resort-style amenities such as a pool, splash pad, pickleball courts, and nature trails, with convenient access to Highway 249 and The Woodlands.
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Toll Brothers (NYSE:TOL) with a Outperform and raises the price target from $161 to $170.
Toll Brothers announced the opening and upcoming launches of three new luxury residential communities: Reflection Ridge in Las Vegas (opening September 2026 with homes starting at $1.2M), Crestmoor Estates in San Bruno, California (now open), and 2700 Westchester in Harrison, New York (opening fall 2026). The communities feature mid-century modern architecture, spacious layouts, and access to premium amenities.