- How The Narrative On Toll Brothers (TOL) Is Shifting As Valuation And Earnings Views Evolve
May 16, 2026
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE.
Toll Brothers is back in focus after a modest trim to its modeled fair value, with the price target moving from US$172.75 to US$168.38. That shift lines up with recent analyst commentary, where a stronger view on earnings power is being weighed against caution about where the stock currently trades. As you read on, you will see how these updated assumptions are shaping the story and what to watch as the narrative evolves.
Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Toll Brothers.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Several firms, including BofA, UBS, Wells Fargo, Oppenheimer, Evercore ISI and RBC, recently lifted price targets into a US$161 to US$198 range. This signals confidence in Toll Brothers' earnings power and positioning in the higher income buyer segment. Truist's March initiation with a Buy rating and US$190 target frames 2026 as a weaker year for margins and demand. However, it argues Toll Brothers is undervalued relative to its return on equity potential and exposure to the luxury market. Wells Fargo and BofA highlight Toll Brothers' results and return profile versus other builders. Wells Fargo calls the company an outlier in housing and BofA points to Q1 EPS that came in above its estimates.
🐻 Bearish Takeaways
Barclays keeps an Underweight rating even after raising its target to US$116. This signals concern that the stock may already reflect a full valuation compared with its view of the fundamentals. More recently, Truist lowered its target by US$20 and Seaport Research issued a downgrade. This indicates some caution around where the stock trades after the earlier rally and richer expectations.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NYSE:TOL 1-Year Stock Price Chart
See how Toll Brothers' fair value stacks up across multiple valuation models — not just analyst targets.
What's in the News
Toll Brothers agreed to acquire substantially all assets of Buffington Homes of Arkansas, adding nine communities and over 1,500 lots in the Fayetteville and Bentonville area to its northwest Arkansas footprint. The Board approved a quarterly cash dividend of US$0.26 per share payable April 24, 2026, a 4% increase and the sixth consecutive year of dividend raises. The company completed a share repurchase tranche, buying back 10,666,000 shares for US$1.32b in total, including 344,000 shares for US$50.48m between November 1, 2025 and January 31, 2026, which represented 10.65% of shares under the announced program. Across multiple states, Toll Brothers continued to launch, expand, and wind down luxury single family and townhome communities, with new openings in Texas, Florida, California, Georgia and other markets, and certain projects moving into final sales phases with limited remaining inventory.
Story Continues
How This Changes the Fair Value For Toll Brothers
Fair value trimmed from US$172.75 to US$168.38 in the updated model. Assumed long term revenue growth rate adjusted from 1.18% to 3.89%. Net profit margin assumption moved from 11.38% to 11.71%. Target future P/E multiple reduced from 13.59x to 12.51x. Discount rate increased from 8.83% to 8.93%.
Never Miss an Update: Follow The Narrative
Narratives connect a company's real world story to a set of financial assumptions and a fair value estimate. They update as new data, forecasts, and risks come through so you can see how the thesis is evolving.
Head over to the Simply Wall St Community and follow the Narrative on Toll Brothers to stay up to date on:
How expansion into high demand, supply constrained luxury communities and a focus on affluent Millennial and Gen Z buyers feeds into the growth story. The role of Toll Brothers' land pipeline, spec home program, and efficiency gains in supporting its earnings profile and build times. Key risks such as heavier reliance on speculative builds, rising incentives and costs, and potential shifts in luxury housing preferences that could pressure margins and demand.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TOL.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Catalyst Watch: Nvidia blockbuster, PMIs, GTA 6 watch, and the Apple Store turns 25
May 15, 2026
[Skyline of Lower Manhattan]
Art Wager
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week.
MONDAY - MAY 18
* VOLATILITY WATCH - Intel (INTC [https://seekingalpha.com/symbol/INTC]) and Ondas (ONDS [https://seekingalpha.com/symbol/ONDS]) are set up for another volatile week of trading based on options volatility. The most overbought stocks per their 14-day relative strength index include Robo.ai (AIIO [https://seekingalpha.com/symbol/AIIO]), Bandwidth (BAND [https://seekingalpha.com/symbol/BAND]), and Vishay Precision (VPG [https://seekingalpha.com/symbol/VPG]). The most oversold stocks per their 14-day Relative Strength Index include SunCar (SDA [https://seekingalpha.com/symbol/SDA]), EPAM Systems (EPAM [https://seekingalpha.com/symbol/EPAM]), and Zoetis (ZTS [https://seekingalpha.com/symbol/ZTS]). Short interest is elevated on PureCycle Technologies (PCT [https://seekingalpha.com/symbol/PCT]) and Sunrun (RUN [https://seekingalpha.com/symbol/RUN]) again.
* EARNINGS WATCH - Notable companies due to report include Baidu (BIDU [https://seekingalpha.com/symbol/BIDU]).
* DIVIDEND WATCH - Companies that have an ex-dividend date coming next week include Carnival Corporation (CCL [https://seekingalpha.com/symbol/CCL]), Chevron (CVX [https://seekingalpha.com/symbol/CVX]), Alcoa (AA [https://seekingalpha.com/symbol/AA]), and Valero Energy (VLO [https://seekingalpha.com/symbol/VLO]).
* INDE UPDATES - Lumentum Holdings (LITE [https://seekingalpha.com/symbol/LITE]) will be officially added to the Nasdaq 100 Index. SharkNinja (SN [https://seekingalpha.com/symbol/SN]) will jump to the S&P MidCap 400 Index, replacing Flowers Foods (FLO [https://seekingalpha.com/symbol/FLO]), which is simultaneously moving into the S&P SmallCap 600.
* IPO WATCH - Investment bank Lincoln International (LCLN [https://seekingalpha.com/symbol/LCLN]) is expected to price its IPO during the week and begin to trade. The quiet periods expire for Yesway (YSWY [https://seekingalpha.com/symbol/YSWY]), X-Energy (XE [https://seekingalpha.com/symbol/XE]), Elmet Group (ELMT [https://seekingalpha.com/symbol/ELMT]), and National Healthcare Properties (NHP [https://seekingalpha.com/symbol/NHP]) to free up analysts to post ratings. SpaceX's (SPACE [https://seekingalpha.com/symbol/SPACE]) IPO prospectus could be released during the week.
* ALL WEEK - Dell Technologies World 2026 will begin in Las Vegas, Nevada. The conference will feature keynote addresses from Dell (DELL [https://seekingalpha.com/symbol/DELL]) management and will also include a presentation from NVIDIA (NVDA [https://seekingalpha.com/symbol/NVDA]) CEO Jensen Huang.
* ALL DAY - The two-day GamesBeat Summit will feature updates from entertainment and technology executives.
* ALL DAY - The three-day J.P. Morgan Global Technology, Media, and Communications Conference will begin. IBM (IBM [https://seekingalpha.com/symbol/IBM]), CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) and Mastercard (MA [https://seekingalpha.com/symbol/MA]) are among the notable companies presenting.
TUESDAY - MAY 19
* EARNINGS WATCH - Notable investor events include Home Depot (HD [https://seekingalpha.com/symbol/HD]), Toll Brothers (TOL [https://seekingalpha.com/symbol/TOL]), CAVA Group (CAVA [https://seekingalpha.com/symbol/CAVA]), and Amer Sports (AS [https://seekingalpha.com/symbol/AS]). Options trading implies double-digit swings for Hesai (HSAI [https://seekingalpha.com/symbol/HSAI]) and Canaan (CAN [https://seekingalpha.com/symbol/CAN]) after their reports are released.
* INDEX UPDATES - F&G Annuities & Life (FG [https://seekingalpha.com/symbol/FG]) will be added to the S&P SmallCap 600 to replace Mister Car Wash (MCW [https://seekingalpha.com/symbol/MCW]).
* ALL DAY - It is the 25th anniversary of the opening of the first Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) store.
* ALL DAY - Vertiv (VRT [https://seekingalpha.com/symbol/VRT]) will hold a two-day investor conference to provide updates on the company's strategic initiatives, latest innovations, financial outlook, and overall market trends.
* ALL DAY - Shareholders of Two Harbors Investment (TWO [https://seekingalpha.com/symbol/TWO]) are scheduled to meet to vote on the highly contested merger agreement with CrossCountry Mortgage.
* ALL DAY - Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) (GOOGL [https://seekingalpha.com/symbol/GOOGL]) will hold its annual Google I/O developer conference in Mountain View, California. The conference will showcase Google's latest AI breakthroughs and product updates across the company, including Gemini, Android, and other technologies, with keynote addresses from Google leaders.
* 1:00 P.M. Expedia Group (EXPE [https://seekingalpha.com/symbol/EXPE]) will webcast the general opening session of Explore 26, which is its annual partner event where the company will share innovations focused on improving the complete travel experience.
WEDNESDAY - MAY 20
* EARNINGS WATCH - Notable companies due to report include Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]), Analog Devices (ADI [https://seekingalpha.com/symbol/ADI]), TJX Companies (TJX [https://seekingalpha.com/symbol/TJX]), Lowe's (LOW [https://seekingalpha.com/symbol/LOW]), and Target (TGT [https://seekingalpha.com/symbol/TGT]). Options trading implies double-digit swings for e.l.f. Beauty (ELF [https://seekingalpha.com/symbol/ELF]) and Aevex (AVEX [https://seekingalpha.com/symbol/AVEX]) after their reports are released.
* ALL DAY - Notable events include the Sohn Hong Kong Investment Leaders Conference in Hong Kong, Citigroup's (C [https://seekingalpha.com/symbol/C]) annual meeting, Amazon's (AMZN [https://seekingalpha.com/symbol/AMZN]) annual meeting, and the B. Riley Securities Investor Conference.
* ALL DAY - IEA will publish its Global EV Outlook report.
* ALL DAY - Circana will release U.S. video game sales results for the period covering April 5 to May 2.
* 2:00 P.M. The Federal Reserve will release the minutes from its last meeting.
* 5:00 P.M. Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) will hold its earnings conference call. Analysts expect the focus on the call will be data center performance, hyperscaler and sovereign AI capex visibility, and management’s commentary on AI compute demand. Options trading implies a 6% share price move for Nvidia after the report drops. Stocks that have been jolted in the past during Nvidia's update include AMD (AMD [https://seekingalpha.com/symbol/AMD]), Intel (INTC [https://seekingalpha.com/symbol/INTC]), Super Micro Computer (SMCI [https://seekingalpha.com/symbol/SMCI]), and Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]). Major Nvidia suppliers Fabrinet (FN [https://seekingalpha.com/symbol/FN]) and Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]) will also be on watch.
THURSDAY - MAY 21
* EARNINGS WATCH - Notable companies due to report include Walmart (WMT [https://seekingalpha.com/symbol/WMT]), Deere (DE [https://seekingalpha.com/symbol/DE]), Ross Stores (ROST [https://seekingalpha.com/symbol/ROST]), Take-Two Interactive (TTWO [https://seekingalpha.com/symbol/TTWO]), NIO (NIO [https://seekingalpha.com/symbol/NIO]), Workday (WDAY [https://seekingalpha.com/symbol/WDAY]), and Ralph Lauren (RL [https://seekingalpha.com/symbol/RL]). Options trading implies a double-digit swing for Lionsgate (LION [https://seekingalpha.com/symbol/LION]) and Advance Auto Parts (AAP [https://seekingalpha.com/symbol/AAP]) after they report.
* ALL DAY - Flash PMIs for economies around the world will give investors a chance to assess the economic impact of the Middle East conflict.
* ALL DAY - Notable events include Stellantis' (STLA [https://seekingalpha.com/symbol/STLA]) Investor Day, Amkor's (AMKR [https://seekingalpha.com/symbol/AMKR]) Investor Day, Cummins' (CMI [https://seekingalpha.com/symbol/CMI]) Analyst Day, Badger Meter's (BMI [https://seekingalpha.com/symbol/BMI]) Investor Day, and Tenable's (TENB [https://seekingalpha.com/symbol/TENB]) Investor Day.
* 8:30 A.M. The Philadelphia Fed Index report will be released. Economists will be watching to see if the index stays in expansionary territory.
* 4:30 P.M. Take-Two Interactive (TTWO [https://seekingalpha.com/symbol/TTWO]) will hold its earnings call. The stock could be volatile amid growing speculation that the company will release a new trailer for Grand Theft Auto 6 during the week and allow retailers to start taking pre-orders. Options trading implies a post-earnings move of more than 9%.
FRIDAY - MAY 22
* EARNINGS WATCH - Notable companies due to report include BJ's Wholesale (BJ [https://seekingalpha.com/symbol/BJ]).
* ALL DAY - FTSE Russell will publish the preliminary lists of companies that are slated to be added to or removed from the Russell indexes, based on their market capitalizations and other eligibility criteria. Stocks slated for addition often see increased demand, while those facing deletion may experience selling pressure.
_Seeking Alpha Editor Josh Fineman contributed to this article._
MORE ON THE MARKETS
* Summer Stock Plunge? I'm 99% Convinced A Major Recession Is Coming, Let Me Convince You [https://seekingalpha.com/article/4905216-summer-stock-plunge-im-99-percent-convinced-a-major-recession-is-coming-let-me-convince-you]
* The Hindenburg Omen Flashes A Warning Sign [https://seekingalpha.com/article/4905184-hindenburg-omen-flashes-warning-sign]
* How To Build A $6,300/Mo Income Using Nuveens's 7.61% Yielding 37 CEFs [https://seekingalpha.com/article/4905136-how-to-build-a-6300mo-income-using-nuveenss-7-61-percent-yielding-37-cefs]
* SOX rally rivals Mississippi, dot-com manias as BofA warns on June [https://seekingalpha.com/news/4593855-sox-rally-rivals-mississippi-dot-com-manias-as-bofa-warns-on-june]
* Wall Street rally masks rising number of oversold S&P 500 stocks [https://seekingalpha.com/news/4593819-wall-street-rally-masks-rising-number-of-oversold-s-and-p-500-stocks]
- Toll Brothers Announces Everstead, A New Luxury Townhome Community Coming Soon to Cary, North Carolina
May 15, 2026
Toll Brothers, Inc.
Everstead offers expansive townhome designs and low-maintenance living in a prestigious Wake County location
CARY, N.C., May 15, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Everstead, is coming soon to Cary, North Carolina. This exclusive collection of luxury townhomes offers low-maintenance living, with modern designs and sophisticated personalization options in one of the state's most sought-after locations. Site work is underway, and the community is anticipated to open for sale in winter 2026-2027.
Offering a desirable low-maintenance lifestyle with access to a private community park, Everstead will offer spacious townhomes up to 3,295 square feet. Toll Brothers homes in Everstead will include 4 to 5 bedrooms, 3.5 to 4.5 bathrooms, 2-car garages, open-concept floor plans, versatile flex spaces, and stunning rooftop terraces. Homes will be priced from the upper $700,000s.Everstead by Toll Brothers
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
"Everstead represents an exceptional opportunity for home shoppers seeking luxury townhome living with a low-maintenance lifestyle in a premier Cary location," said Ted Pease, Division President of Toll Brothers in Raleigh. "With modern designs, thoughtful personalization options, and unmatched convenience, Everstead will offer the best of refined living in Wake County."Everstead by Toll Brothers
Residents of Everstead will enjoy the convenience of effortless living with included lawn care and access to an exclusive community park. The community is situated minutes from top-rated Wake County Public Schools, outdoor recreation, and premier shopping and dining in downtown Cary and Apex. Its prime location also offers convenient proximity to Research Triangle Park, making it ideal for commuting professionals seeking a blend of luxury and accessibility.Everstead by Toll Brothers
For more information and to join the Toll Brothers interest list for Everstead, call (844) 840-5263 or visit TollBrothers.com/NC.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Story Continues
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/2590e4e5-2389-4da6-a203-5d081780fb15
https://www.globenewswire.com/NewsRoom/AttachmentNg/c2d9fb8f-8a71-4b30-8e89-e2b0ff428fe7
https://www.globenewswire.com/NewsRoom/AttachmentNg/b4916a5b-f992-4623-978b-ff6fe4069842
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
View Comments
- Mortgage Applications Are Up 21% Year Over Year Despite Rising Interest Rates. These Homebuilder Stocks Could Benefit.
May 15, 2026 · fool.com
One explanation for rising mortgage applications is that many people are tired of waiting for lower rates. Many homebuilders may prosper -- but it may take a while.
- Toll Brothers Set to Report Q2 Earnings: Key Things to Watch
May 15, 2026
Toll Brothers, Inc. TOL is scheduled to report its second-quarter fiscal 2026 (ended April 30, 2026) results on May 19, after market close. The quarter is likely to reflect demand trends in the luxury housing market, pricing power, margins and the company’s ability to manage incentives in a still-challenging affordability environment.
In the last reported quarter, the company’s adjusted earnings and revenues beat the Zacks Consensus Estimate by 6.8% and 16.4%, respectively. The top and bottom lines also increased on a year-over-year basis by 15.4% and 25.1%, respectively.
TOL’s earnings surpassed estimates in three of the trailing four quarters and missed on one occasion, with an average surprise of 6.8%.
How Are Estimates Placed for TOL Stock?
The Zacks Consensus Estimate for fiscal second-quarter earnings per share (EPS) has remained unchanged at $2.57 in the past 60 days. The estimate indicates 26.6% year-over-year decline.
The consensus estimate for total revenues is pegged at $2.41 billion, indicating a 12.1% year-over-year decline.
Toll Brothers Inc. Price and EPS SurpriseToll Brothers Inc. Price and EPS Surprise
Toll Brothers Inc. price-eps-surprise | Toll Brothers Inc. Quote
Luxury Demand & Community Growth Likely Aided TOL’s Q2 Sales
Toll Brothers’ fiscal second-quarter revenues are expected to have benefited from resilient luxury housing demand, healthy pricing and higher community count. Management projected fiscal second-quarter deliveries in the range of 2,400-2,500 homes, which indicates a year-over-year decline from 2,899 homes delivered in the prior-year quarter. However, the company guided the average delivered price between $975,000 and $985,000, reflecting growth from $933,700 reported in the year-ago quarter. Our model predicts home deliveries to be down 15.4% year over year to 2,453 units. We expect the average selling price of the delivered units to be up 4.5% year over year to $975,900 in the fiscal second quarter.
The company entered the quarter with improved sales momentum. Management noted that web traffic, foot traffic and deposits improved modestly year over year beginning in mid-January, supported by the spring selling season. Toll Brothers’ affluent customer base likely continued to support demand despite elevated mortgage rates and affordability pressures across the broader housing market. Approximately 24% of first-quarter buyers paid all cash, while mortgage buyers maintained low leverage levels.
Strength in the luxury move-up segment and continued momentum in the North and Pacific regions are also likely to have supported the fiscal second-quarter sales. Management highlighted healthy pricing trends in several luxury communities and noted that nearly 30%-40% of communities experienced price increases during the fiscal first quarter. Moreover, Toll Brothers expected its community count to increase to 455 by the end of the second quarter from 445 in the fiscal first quarter, providing additional growth support.
However, certain headwinds may have limited top-line growth. Softer conditions in Tampa, Atlanta, San Antonio and the Pacific Northwest are likely to have weighed on sales activity. Affordability challenges and uncertainty surrounding visa-related issues may also have caused some buyers to delay purchase decisions, thereby impacting the year-over-year performances.
Story Continues
Product Mix May Pressure TOL’s Margins in Q2
Toll Brothers expects adjusted home sales gross margin of 25.5% in the fiscal second quarter of 2026, down from 27.5% reported in the prior quarter, mainly due to unfavorable geographic and product mix. Lower contributions from the higher-margin Pacific region are likely to have weighed on profitability.
Still, flat construction costs, improving production efficiencies and shorter cycle times may have supported margins. Incentives also remained stable at nearly 8% for the third consecutive quarter in the fiscal first quarter, reflecting disciplined pricing actions and are likely to have continued the same in the fiscal second quarter.
Toll Brothers’ balanced mix of build-to-order and spec homes, along with strong design studio upgrade activity, is likely to have aided profitability and inventory turns. However, elevated selling costs and softer demand trends in certain regional markets may have continued to pressure overall margins.
Backlog
For the fiscal second quarter, our model expects a total backlog of 5,354 units, down year over year by 11.7%, with potential revenues declining 6.9% to $6.34 billion.
What Our Model Says for TOL Stock
Our proven model does not conclusively predict an earnings beat for Toll Brothers this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here, as you will see below.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: TOL currently carries a Zacks Rank of 4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Peer Releases
D.R. Horton DHI delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated.
D.R. Horton updated fiscal 2026 consolidated revenue guidance to $33.5-$34.5 billion compared with the prior expectation of $33.5-$35 billion. This compares with $34.25 billion in fiscal 2025. D.R. Horton now expects homebuilding closings of 86,000-87,500 homes compared with the earlier guidance of 86,000-88,000. This compares with 84,863 in fiscal 2025.
PulteGroup PHM reported first-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Lower consumer confidence and higher incentive activity weighed on profitability, partially offset by stable order trends, higher community counts and disciplined capital deployment.
PulteGroup reported first-quarter 2026 earnings of $1.79 per share, down 30.4% from $2.57 per share in the year-ago quarter. Total revenues of $3.41 billion decreased 12.4% year over year.
NVR, Inc. NVR reported first-quarter 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis.
Earnings were $67.76 per share, down 29% from $94.83 a year ago. Homebuilding revenues were $1.83 billion. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PulteGroup, Inc. (PHM) : Free Stock Analysis Report
Toll Brothers Inc. (TOL) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
NVR, Inc. (NVR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- Toll Brothers Announces Everstead, A New Luxury Townhome Community Coming Soon to Cary, North Carolina
May 15, 2026 · globenewswire.com
Everstead offers expansive townhome designs and low-maintenance living in a prestigious Wake County location Everstead offers expansive townhome designs and low-maintenance living in a prestigious Wake County location
- TOLL BROTHERS ANNOUNCES EVERSTEAD, A NEW LUXURY TOWNHOME COMMUNITY COMING SOON TO CARY, NORTH CAROLINA
May 15, 2026
EVERSTEAD OFFERS EXPANSIVE TOWNHOME DESIGNS AND LOW-MAINTENANCE LIVING IN A PRESTIGIOUS WAKE COUNTY LOCATION EVERSTEAD OFFERS EXPANSIVE TOWNHOME DESIGNS AND LOW-MAINTENANCE LIVING IN A PRESTIGIOUS WAKE COUNTY LOCATION
- Toll Brothers Set to Report Q2 Earnings: Key Things to Watch
May 15, 2026 · zacks.com
TOL's Q2 results are likely to benefit from resilient luxury demand and pricing, but fewer deliveries and mix-driven margin pressure might temper results.
- Toll Brothers Announces Final Opportunity to Purchase a New Home at The Cove at Encinitas in Coastal Southern California
May 14, 2026
Toll Brothers, Inc.
ENCINITAS, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the final opportunity to purchase a new home at The Cove at Encinitas, an exclusive all-electric community in Encinitas, California. The community is down to its final three homes for buyers seeking new luxury construction in this highly sought-after coastal neighborhood. Located less than one mile from South Ponto Beach, the community offers the perfect blend of luxury and coastal living. The final three homes are available for quick move-in as early as October 2026 and are priced from $2,689,000.
The Cove at Encinitas is an enclave of 42 distinctive new homes with one- and two-story designs. The three remaining homes for sale in the community range in size from approximately 2,600 to over 4,000 square feet with 5 bedrooms, 5.5 baths, and bonus spaces such as lofts, offices, and flex rooms. The homes feature Coastal Contemporary architectural style with seamless indoor-outdoor living spaces to embrace the Southern California lifestyle.The Cove at Encinitas by Toll Brothers
Ideally located in Encinitas, The Cove at Encinitas is within walking distance of the beach and offers convenient access to local restaurants, shopping, and major freeways. The city is home to six pristine beaches, 85 acres of open space, 40 miles of trails, and 19 parks, making it an ideal location for outdoor enthusiasts and families alike.
"The Cove at Encinitas offers an exceptional opportunity for home shoppers seeking luxury coastal living in one of Southern California's most desirable locations," said Brad Hare, Division President of Toll Brothers in Southern California. "With its proximity to the beach and stunning architecture, this community truly epitomizes the best of Encinitas living."The Cove at Encinitas by Toll Brothers
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
The Sales Center for The Cove at Encinitas is located at 2019 E Pearl St. in Encinitas. For more information, contact Toll Brothers at 866-232-1631 or visit TollBrothers.com/CA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol "TOL." Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Story Continues
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e21e956-7f1b-4627-9981-38952a464037
https://www.globenewswire.com/NewsRoom/AttachmentNg/c1abe1c6-b1c0-402c-896d-39efae341f47
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
View Comments
- Toll Brothers Announces Final Opportunity to Purchase a New Home at The Cove at Encinitas in Coastal Southern California
May 14, 2026
ENCINITAS, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the final opportunity to purchase a new home at The Cove at Encinitas, an exclusive all-electric community in Encinitas, California. The community is down to its final three homes for buyers seeking new luxury construction in this highly sought-after coastal neighborhood. Located less than one mile from South Ponto Beach, the community offers the perfect blend of luxury and coastal living. The final three homes are available for quick move-in as early as October 2026 and are priced from $2,689,000.
The Cove at Encinitas is an enclave of 42 distinctive new homes with one- and two-story designs. The three remaining homes for sale in the community range in size from approximately 2,600 to over 4,000 square feet with 5 bedrooms, 5.5 baths, and bonus spaces such as lofts, offices, and flex rooms. The homes feature Coastal Contemporary architectural style with seamless indoor-outdoor living spaces to embrace the Southern California lifestyle.
Ideally located in Encinitas, The Cove at Encinitas is within walking distance of the beach and offers convenient access to local restaurants, shopping, and major freeways. The city is home to six pristine beaches, 85 acres of open space, 40 miles of trails, and 19 parks, making it an ideal location for outdoor enthusiasts and families alike.
"The Cove at Encinitas offers an exceptional opportunity for home shoppers seeking luxury coastal living in one of Southern California's most desirable locations," said Brad Hare, Division President of Toll Brothers in Southern California. "With its proximity to the beach and stunning architecture, this community truly epitomizes the best of Encinitas living."
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
The Sales Center for The Cove at Encinitas is located at 2019 E Pearl St. in Encinitas. For more information, contact Toll Brothers at 866-232-1631 or visit TollBrothers.com/CA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol "TOL." Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e21e956-7f1b-4627-9981-38952a464037
https://www.globenewswire.com/NewsRoom/AttachmentNg/c1abe1c6-b1c0-402c-896d-39efae341f47
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
