TOL Toll Brothers

Toll Brothers, Inc., A FORTUNE 500 Company, is the nation's leading builder of luxury homes. The Company began business over fifty years ago in 1967 and became a public company in 1986. The Company serves first-time, move-up, empty-nester, active-adult, affordable luxury and second-home buyers, as well as urban and suburban renters. It operates in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. Toll Brothers builds an array of luxury residential single-family detached, attached home, master planned resort-style golf, and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company acquires and develops rental apartment and commercial properties through Toll Brothers Apartment Living, Toll Brothers Campus Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, and landscape subsidiaries. Toll Brothers operates its own alarm monitoring company through TBI Smart Home Solutions, a complete home technology division. In addition to providing security monitoring, TBI Smart Home Solutions offers homeowners a full range of low voltage options, allowing buyers to maximize the potential of technology in their new home. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations. Through its Gibraltar Real Estate Capital joint venture, the Company provides builders and developers with land banking, non-recourse debt and equity capital.
Company profile
Ticker
TOL
Exchange
Website
CEO
John McLean
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
D.R. Horton • KB Home • Taylor Morrison Home • M.D.C. • NVR • Beazer Homes USA • Hovnanian Enterprises • Meritage Homes • PulteGroup • MI Homes ...
Former names
TOLL BROTHERS INC
SEC CIK
Corporate docs
IRS number
232416878
TOL stock data
()
News
Stocks That Hit 52-Week Highs On Friday
16 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For April 16, 2021
16 Apr 21
Wells Fargo Initiates Coverage On Toll Brothers with Overweight Rating, Announces Price Target of $75
16 Apr 21
Stocks That Hit 52-Week Highs On Thursday
15 Apr 21
Stocks That Hit 52-Week Highs On Monday
12 Apr 21
Press releases
Toll Brothers Apartment Living® and The Davis Companies Announce Joint Venture to Develop 403-Unit Rental Community in Phoenix, Arizona
5 Apr 21
Toll Brothers Announces 100 West Coming Soon to Anaheim, CA
31 Mar 21
Porter Ranch's Largest Master Plan Unveils Two New Communities
23 Mar 21
Toll Brothers Announces 54% Increase to Quarterly Cash Dividend
9 Mar 21
Toll Brothers Apartment Living®/The Davis Companies Joint Venture Opens The Bradford in Belmont, MA
8 Mar 21
Calendar
8 Mar 21
18 Apr 21
31 Oct 21
Financial summary
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 979.88M | 979.88M | 979.88M | 979.88M | 979.88M | 979.88M |
Cash burn (monthly) | 138.91M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 361.93M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 617.95M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Apr 21 | Yearley Douglas C. Jr. | Common Stock | Sell | Dispose S | No | No | 60.307 | 10,000 | 603.07K | 247,425 |
9 Apr 21 | Michael J. Grubb | Common Stock | Sell | Dispose S | No | No | 60.1638 | 600 | 36.1K | 1,672 |
6 Apr 21 | Martin P. Connor | Common Stock | Sell | Dispose S | No | No | 59.9167 | 1,000 | 59.92K | 45,830 |
1 Apr 21 | Martin P. Connor | Common Stock | Sell | Dispose S | No | No | 58.91 | 1,000 | 58.91K | 46,830 |
17 Mar 21 | Carl B Marbach | Common Stock | Sell | Dispose S | No | No | 56.91 | 2,000 | 113.82K | 77,430 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
87.5% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 353 |
Opened positions | 43 |
Closed positions | 54 |
Increased positions | 109 |
Reduced positions | 136 |
13F shares |
Current |
---|---|
Total value | 5.16B |
Total shares | 107.76M |
Total puts | 3.54M |
Total calls | 3.84M |
Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
---|---|---|
Capital World Investors | 12.54M | $545.22M |
BLK Blackrock | 12.48M | $542.45M |
Vanguard | 10.09M | $438.47M |
FMR | 9.96M | $432.8M |
Greenhaven Associates | 5.36M | $232.92M |
Massachusetts Financial Services | 4.08M | $177.2M |
Dimensional Fund Advisors | 3.78M | $164.3M |
STT State Street | 3.73M | $162.03M |
BK Bank Of New York Mellon | 3.44M | $149.37M |
Eminence Capital | 2.78M | $120.64M |
Financial report summary
?Competition
Comstock HoldingRisks
- We are subject to demand fluctuations in the housing industry. Any reduction in demand would adversely affect our business, results of operations, and financial condition.
- Adverse changes in economic conditions in markets where we conduct our operations and where prospective purchasers of our homes live could reduce the demand for homes and, as a result, could adversely affect our business, results of operations, and financial condition.
- Our ability to execute on our business strategies is uncertain, and we may be unable to achieve our goals.
- Negative publicity could negatively impact sales, which could cause our revenues or results of operations to decline.
- A significant portion of our revenues and income from operations is generated from California in our Traditional Home Building segment.
- In the construction of a high-rise building, whether a for-sale or a for-rent property, we incur significant costs before we can begin construction, sell and deliver the units to our customers, or commence the collection of rent and recover our costs. We may be subject to delays in construction that could lead to higher costs that could adversely affect our operating results. Changing market conditions during the construction period could negatively impact selling prices and rents, which could adversely affect our operating results.
- Increases in cancellations of existing agreements of sale could have an adverse effect on our business.
- The home building industry is highly competitive, and, if other home builders are more successful or offer better value to our customers, our business could decline.
- If land is not available at reasonable prices, our sales and results of operations could decrease.
- If the market value of our land and homes declines, our results of operations will likely decrease.
- We rely on subcontractors to construct our homes and on building supply companies to supply components for the construction of our homes. The failure of our subcontractors to properly construct our homes and adopt appropriate jobsite safety practices or defects in the components we obtain from building supply companies could have an adverse effect on us.
- We participate in certain joint ventures where we may be adversely impacted by the failure of the joint venture or its participants to fulfill their obligations.
- Government regulations and legal challenges may delay the start or completion of our communities, increase our expenses, or limit our home building activities, which could have a negative impact on our operations.
- Product liability claims and litigation and warranty claims that arise in the ordinary course of business may be costly, which could adversely affect our business.
- Our multi-unit buildings are subject to swings in delivery volume due to their extended construction time, levels of pre-sales, and quick delivery of units once buildings are complete.
- Increases in taxes or government fees could increase our costs, and adverse changes in tax laws or their interpretation could reduce demand for our homes and negatively affect our operating results.
- We are subject to extensive environmental regulations, which may cause us to incur additional operating expenses, subject us to longer construction cycle times, or result in material fines or harm to our reputation.
- Failure by our employees or representatives to comply with laws and regulations may harm us.
- If we experience shortages or increased costs of labor and supplies or other circumstances beyond our control, there could be delays or increased costs in developing our communities, which could adversely affect our operating results.
- Our quarterly operating results may fluctuate due to the seasonal nature of our business.
- We are implementing a new enterprise resource planning system, and challenges with the implementation of the system may impact our business and operations.
- If we are not able to obtain suitable financing, or if the interest rates on our debt are increased, or if our credit ratings are lowered, our business and results of operations may decline.
- If home buyers are not able to obtain suitable financing, our results of operations may decline.
- If our ability to resell mortgages to investors is impaired, our home buyers may be required to find alternative financing.
- Public health issues such as the COVID-19 pandemic have adversely affected, and could in the future, adversely affect our business or financial results.
- Adverse weather conditions, natural disasters, and other conditions could disrupt the development of our communities, which could harm our sales and results of operation.
- Increased domestic or international instability could have an adverse effect on our operations.
- We could be adversely impacted by the loss of key management personnel or if we fail to attract qualified personnel.
- Information technology failures and data security breaches could harm our business.
Content analysis
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H.S. sophomore Good
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New words:
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Removed:
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Financial reports
10-Q
2021 FY
Quarterly report
8 Mar 21
10-K
2020 FY
Annual report
22 Dec 20
10-Q
2020 Q3
Quarterly report
4 Sep 20
10-Q
2020 Q2
Quarterly report
8 Jun 20
10-Q
2020 Q1
Quarterly report
9 Mar 20
10-K
2019 FY
Annual report
26 Dec 19
10-Q
2019 Q3
Quarterly report
5 Sep 19
10-Q
2019 Q2
Quarterly report
6 Jun 19
10-Q
2019 Q1
Quarterly report
8 Mar 19
10-K
2018 FY
Annual report
20 Dec 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
10 Mar 21
8-K
Toll Brothers Reports FY 2021 1st Quarter Results
23 Feb 21
8-K
Other Events
16 Feb 21
8-K
Results of Operations and Financial Condition
7 Dec 20
8-K
Toll Brothers Reports FY 2020 4th Quarter Results
7 Dec 20
8-K
Entry into a Material Definitive Agreement
2 Nov 20
8-K
Toll Brothers Reports Preliminary Net New Order Activity
21 Sep 20
8-K
Toll Brothers Reports FY 2020 3rd Quarter Results
25 Aug 20
8-K
Toll Brothers Reports FY 2020 2nd Quarter Results
27 May 20
8-K
Second Quarter 2020 Earnings Conference Call Live
6 May 20
Registration and prospectus
25-NSE
Exchange delisting
15 Mar 21
S-3ASR
Automatic shelf registration
18 Feb 21
424B5
Prospectus supplement for primary offering
10 Sep 19
FWP
Free writing prospectus
9 Sep 19
424B5
Prospectus supplement for primary offering
8 Sep 19
S-8
Registration of securities for employees
7 Jun 19
S-3ASR
Automatic shelf registration
12 Feb 18
424B5
Prospectus supplement for primary offering
18 Jan 18
FWP
Free writing prospectus
17 Jan 18
424B5
Prospectus supplement for primary offering
16 Jan 18
Proxies
DEF 14A
Definitive proxy
29 Jan 21
DEF 14A
Definitive proxy
3 Feb 20
DEF 14A
Definitive proxy
1 Feb 19
DEF 14A
Definitive proxy
31 Jan 18
DEF 14A
Definitive proxy
30 Jan 17
DEFA14A
Additional proxy soliciting materials
22 Feb 16
DEF 14A
Definitive proxy
1 Feb 16
PRE 14A
Preliminary proxy
21 Jan 16
DEF 14A
Definitive proxy
29 Jan 15
DEF 14A
Definitive proxy
2 Feb 14
Other
UPLOAD
Letter from SEC
9 May 19
CORRESP
Correspondence with SEC
23 Apr 19
UPLOAD
Letter from SEC
10 Apr 19
UPLOAD
Letter from SEC
25 May 16
CORRESP
Correspondence with SEC
16 May 16
UPLOAD
Letter from SEC
24 Apr 16
CORRESP
Correspondence with SEC
5 Apr 16
UPLOAD
Letter from SEC
16 Mar 16
UPLOAD
Letter from SEC
7 Apr 14
CORRESP
Correspondence with SEC
30 Mar 14
Ownership
4
Toll Brothers / Douglas C. Jr. Yearley ownership change
16 Apr 21
4
Toll Brothers / Michael J. Grubb ownership change
12 Apr 21
4
Toll Brothers / Martin P. Connor ownership change
8 Apr 21
4
Toll Brothers / Martin P. Connor ownership change
5 Apr 21
4
Toll Brothers / ROBERT I TOLL ownership change
18 Mar 21
4
Toll Brothers / CARL B MARBACH ownership change
18 Mar 21
4
Toll Brothers / ROBERT I TOLL ownership change
12 Mar 21
4
Toll Brothers / Martin P. Connor ownership change
12 Mar 21
4
Toll Brothers / Douglas C. Jr. Yearley ownership change
12 Mar 21
4
Toll Brothers / Michael J. Grubb ownership change
9 Mar 21
Transcripts
2021 Q1
Earnings call transcript
24 Feb 21
2020 Q4
Earnings call transcript
8 Dec 20
2020 Q3
Earnings call transcript
26 Aug 20
2020 Q2
Earnings call transcript
28 May 20
2020 Q1
Earnings call transcript
26 Feb 20
2019 Q4
Earnings call transcript
10 Dec 19
2019 Q3
Earnings call transcript
21 Aug 19
2019 Q2
Earnings call transcript
22 May 19
2019 Q1
Earnings call transcript
27 Feb 19
2018 Q4
Earnings call transcript
4 Dec 18
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