L'intérêt à découvert pour Toll Brothers donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Toll Brothers. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Toll Brothers (NYSE:TOL) Stock, Rapport sur les intérêts à découvert

Toll Brothers

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-home buyers. 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.

Toll Brothers Inc

Tema ETF Trust Tema Monopolies and Oligopolies ETF

TOLU MINERALS LIMITED by Tolu Minerals Limited

Tolu Minerals Ltd

TRICAN WELL SVC CO LTD by Trican Well Service Ltd.

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ProShares DJ Brookfield Global Infrastructure ETF

The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt. Following these consumer trends is the mortgage market, which is an extension of the real estate sector.
A third industry just as connected to the rest is the transportation sector, particularly the trucking industry, as it is called upon to deliver the products ordered based on higher consumer activity and demand.
Today, investors have a good idea of what the consumer sector is doing after consumer sentiment readings came in at their weakest since 2021, so now it is time to gauge the housing market.
This is where homebuilding stocks like KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>) become as important as ever, especially as the company just announced its latest set of quarterly earnings figures.
Investors can probably guess that the figures weren&#39;t that great based on the fact that the stock traded lower by 5.3% the day after announcing its quarterly earnings, but the implications for the rest of the stock market are just as important.
<h2>Why the Housing Industry Could Be in Trouble: KB Homes Stock Numbers Follow the Trend</h2>
Investors can gauge the market&#39;s feelings about a particular industry by comparing its average forward P/E valuations against the broader S&amp;P 500 index. In this case, those at Goldman Sachs believe the S&amp;P 500 will trade at about 18.0x forward P/E ratio for the next 12 months, the benchmark for investors to work with now.
On the other hand, the homebuilding industry trades at an average valuation of 11.5x forward P/E ratio. This is a discount of up to 36% from the market expectation, and typically, markets are willing to discount industries when they believe they are fundamentally set up to underperform the rest.
The underperformance may result from the average home price being up to 35% above what it was before the COVID-19 pandemic, pricing out many would-be homebuyers. The situation worsens when investors account for the current mortgage interest rates hovering near 6.5%.
The problem is that, despite recent interest rate cuts from the Federal Reserve (the Fed), most homes are still too expensive compared to the average salary today, so new demand won&#39;t come online for a while. Investors can see this trend reflected in the falling housing starts, home building permit numbers, and the mortgage market index hitting a 1996 low.
KB Home stock is not immune to this environment, so investors will notice a flat order backlog for the past 12 months in the company&#39;s earnings press release. In addition, the home-selling gross margin contracted down to 20.6% from 21.5% a year ago, signaling further weakness.
Speaking to demand and current sentiment for new homes, the overall cancellation rate came in at 15%, above the industry&#39;s 6% to 8% average, showing capitulation from the buyer side. The final blow came in the company&#39;s backlog, which totaled 5,724 this quarter compared to 7,008 one year ago.
This might have caused the stock&#39;s 5.3% down day despite reporting higher earnings per share (EPS) and revenue since these key performance indicators (KPIs) are ultimately more important for the future. However, KB Home is not alone in this trend; peers are suffering, too.
<h2>Wall Street Analysts Predict Downside for the Housing Industry</h2>
Here is what Wall Street analysts considered when deciding to keep their consensus price target for KB Home at $77.3 a share. This implies as much as a 6.6% downside from where the stock trades today despite the sell-off. Inside KB Home&#39;s financials, investors will notice that this shift in backlog inventory caused operating cash flows to crash.
Going from a net inflow of $608.7 million a year ago to $89.9 million this year means EPS is overstated today. Knowing that this is likely becoming an industry-wide issue, price targets on competitors like Toll Brothers Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) and D.R. Horton Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) have also started to come down.
For Toll Brothers, Wall Street analysts expect the stock to drop to $145 a share, or 3.5% below today&#39;s price. More than that, it looks like bears are starting to gear up to oppose this company and the negative trends affecting the industry today, as Toll Brothers stock&#39;s short interest increased by 7.9% in the past month alone.
Looking over at D.R. Horton, the story doesn&#39;t improve. Wall Street has landed on a consensus price target of $183.3 a share for this homebuilder, which implies a downside of 2% from today&#39;s price. Bearish traders also picked up the pace on this name by increasing the stock&#39;s short interest by 12.5% over the past month.
<h2>Shift to Defensive Stocks as Housing Sector Shows Weakness</h2>
Based on the evidence, it&#39;s clear the housing market faces significant headwinds, with rising interest rates and inflated home prices limiting demand. Homebuilding stocks like KB Home, Toll Brothers, and D.R. Horton are showing signs of struggle, as seen in their lower backlogs, declining margins, and increasing short interest.
For investors, this suggests it may be wise to avoid the housing sector for now and consider shifting toward more defensive, less cyclical industries that are better positioned to weather the current economic environment.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/kb-home-slips-after-earnings-whats-next-for-homebuilders/">KB Home Slips After Earnings: What&#39;s Next for Homebuilders?</a>&quot; first appeared on MarketBeat.

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Mid Cap

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Real Estate

KB Home Slips After Earnings: What's Next for Homebuilders?

Wells Fargo analyst Sam Reid maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Overweight and raises the price target from $163 to $170.

Wells Fargo Maintains Overweight on Toll Brothers, Raises Price Target to $170

Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares are trading higher Tuesday. The company announced a national partnership with Toll Brothers Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) to provide solar power and storage <a href="https://www.benzinga.com/pressreleases/24/09/g40992556/toll-brothers-announces-national-partnership-with-sunrun-to-provide-solar-power-and-storage-to-tol">to Toll Brothers homes</a>.
What Happened: Toll Brothers and Sunrun inked a <a href="https://www.benzinga.com/pressreleases/24/09/g40992556/toll-brothers-announces-national-partnership-with-sunrun-to-provide-solar-power-and-storage-to-tol">national partnership</a> that will make Sunrun the exclusive provider of solar power as an included feature in all Toll Brothers homes in California. The two companies also have a preferred agreement to provide solar for additional Toll Brothers divisions across the country. 
Sunrun will serve as a &#8220;one-stop shop&#8221; for solar&nbsp;customers in California, which includes sales, design, permitting, installation, customer care and warranty.&nbsp;Sunrun will also provide home buyers a choice of an EnPhase or <a href="http://benzinga.com/quote/tsla">Tesla</a> Powerwall 3 battery storage system. 
&#8220;We are pleased to announce this new agreement with Sunrun as our national solar and storage partner, providing our home buyers with state-of-the-art options for clean, reliable power in their new homes,&#8221; said Seth Ring, executive vice president of Toll Brothers. 
&#8220;Since 2015, Toll Brothers has been committed to incorporating solar into our communities in California and beyond, and we are excited to continue this commitment to innovation and our environment with Sunrun.&#8221;
Under the agreement, Sunrun&#8217;s solar products can be offered to Toll Brothers homebuyers in additional markets as an option or as an included feature financed with the home. In certain markets, where third-party ownership is allowed and available, solar can be added to the home at no cost to the homebuyer.
Tuesday morning, Morgan Stanley analyst Stephen Byrd maintained coverage on Sunrun with an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> and price target of $35.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41000581/fed-catching-up-with-50-point-rate-cut-fund-managers-expect-gains-in-emerging-marke">Fed &#8216;Catching Up&#8217; With 50-Point Rate Cut: Fund Managers Expect Gains In Emerging Markets, Small Caps</a>
RUN Price Action: <a href="http://benzinga.com/quote/run">Sunrun shares</a> were up 3.38% at $19.55 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Tesla.

Movers

Sunrun Stock Is Rising Tuesday: What's Going On?

Sunrun and Toll Brothers have an exclusive agreement for Sunrun to provide solar power as an included feature in all Toll Brothers homes in California, as well as a preferred agreement to provide solar for additional Toll Brothers divisions nationwide.
As part of the agreement, Sunrun will serve as a &quot;one-stop shop&quot; to provide solar as a standard feature in all Toll Brothers communities in California, including sales, design, permitting, installation, customer care, and warranty. Sunrun also provides home buyers with the choice of a third-party battery storage system, including EnPhase or the Tesla Powerwall 3, to integrate with their provided residential solar system.

Contracts

Toll Brothers Enters New National Partnership For Sunrun To Provide Solar Power And Storage To Homes

Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) has outperformed the market over the past 10 years by 6.05% on an annualized basis producing an average annual return of 17.24%. Currently, Toll Brothers has a market capitalization of $15.24 billion. 
Buying $1000 In TOL: If an investor had bought $1000 of TOL stock 10 years ago, it would be worth $4,834.97 today based on a price of $151.00 for TOL at the time of writing.
<h3>Toll Brothers's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Toll Brothers 10 Years Ago Would Be Worth Today

WIIM

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GRBK

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LOVE

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Shares of housing-related stocks are trading higher after the Fed policy decision to cut rates by 50 basis points, which could help curb housing unaffordability and increase demand.

B of A Securities analyst Rafe Jadrosich maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Buy and raises the price target from $160 to $165.

B of A Securities Maintains Buy on Toll Brothers, Raises Price Target to $165

Homebuilder stocks are <a href="https://www.benzinga.com/top-stories/24/08/40637013/homebuyers-turn-screws-on-builders-as-mortgage-rates-are-telegraphed-to-fall">on the rise </a>as the Federal Reserve is expected to cut rates later this week, mortgage rates are on the decline and Democratic presidential candidate, Vice President Kamala Harris, proposes a homeownership plan that involves building three million new homes.
The Fed is expected to lower its key interest rate by either <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">25 or 50 basis points </a>when it meets on Wednesday after holding back on doing so at its last meeting in July.
Mortgage rates have fallen to their lowest in <a href="https://www.benzinga.com/markets/24/09/40817001/mortgage-rates-fall-to-lowest-level-since-february-2023">more than 18 months</a>, according to the&nbsp;Mortgage Bankers Association&nbsp;(MBA). 
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking several consecutive weeks of declining rates.
If elected president in November, Harris plans to launch a $25,000 credit for first-time homebuyers on buying a new home and an initiative to <a href="https://www.benzinga.com/trading-ideas/previews/24/08/40447261/toll-brothers-q3-earnings-preview-will-kamala-harris-3-million-homes-plan-boost-homebuilde">build three million new homes </a>in four years.
Truist Securities has raised its rating on Builders First Source, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) from Hold to Buy and its price target from $165 to $220.
Read Also: <a href="https://www.benzinga.com/news/24/08/40507329/toll-brothers-to-rally-around-19-here-are-10-top-analyst-forecasts-for-thursday">Toll Brothers To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday</a>
Analyst Keith Hughes noted reduced mortgage rates and lower lumber prices in the short term and, in the long term, an upswing in multifamily housing construction and Builders&#8217; ability to offer value-added products and digital offerings due to its large size.
Also, many homeowners who locked in rates as low as 3% and 4% over the past two years are holding onto their homes instead of selling, increasing demand for new homes.
&#8220;Given the continued limited inventory, we believe this will continue for several more years with new homes taking an even greater share of the market,&#8221; he wrote in a note on Monday. &#8220;This is a notable catalyst for home builders and their suppliers such as BLDR.&#8221;
Price Action: Homebuilders have seen gains and losses into Monday&#8217;s early trading but have risen significantly over the past week.
<ul>
<li>Builders First Source was up 3.61% to $189.88 on Monday morning, posting a 12% gain since Tuesday.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) slipped 0.51% to $149.04 on Monday morning but has gained 6.1% since Tuesday.</li>
<li>M/I Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) declined 0.1% to $166.32 on Monday but has risen 5.6% since Tuesday.</li>
<li>Green Brick Partners, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRBK#NYSE">GRBK</a>) was up 0.70% to $79.35 on Monday, and has gone up 7% since Tuesday.</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40511410/toll-brothers-analysts-boost-their-forecasts-after-upbeat-earnings">Toll Brothers Analysts Boost Their Forecasts After Upbeat Earnings</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Government

Federal Reserve

Builders First Source, Other Homebuilder Stocks Rise With Catalysts Such As Mortgage Rates, The Fed, Kamala Harris Plan

CORRECTION: Homebuilder Stocks Are Trading Higher

Shares of housing stocks and homebuilders are trading higher. The sector may be on watch amid a drop in yields and as investors await rate cuts.

Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) has outperformed the market over the past 20 years by 1.27% on an annualized basis producing an average annual return of 9.4%. Currently, Toll Brothers has a market capitalization of $13.89 billion. 
Buying $100 In TOL: If an investor had bought $100 of TOL stock 20 years ago, it would be worth $608.16 today based on a price of $137.60 for TOL at the time of writing.
<h3>Toll Brothers's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725636615_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

Equities

Macro Economic Events

Economics

General

iShares Dow Jones US Homenstruction Index Fund

PowerShares Dynamicnsumer Discretionary Sector Portfolio

Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

Wedbush analyst Jay McCanless maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Neutral and raises the price target from $120 to $148.

Wedbush Maintains Neutral on Toll Brothers, Raises Price Target to $148

Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) has outperformed the market over the past 10 years by 4.23% on an annualized basis producing an average annual return of 15.06%. Currently, Toll Brothers has a market capitalization of $14.63 billion. 
Buying $1000 In TOL: If an investor had bought $1000 of TOL stock 10 years ago, it would be worth $4,066.80 today based on a price of $144.90 for TOL at the time of writing.
<h3>Toll Brothers's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724707822_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Toll Brothers Stock In The Last 10 Years

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Outperform and raises the price target from $142 to $168.

Keefe, Bruyette & Woods Maintains Outperform on Toll Brothers, Raises Price Target to $168

Wells Fargo analyst Sam Reid maintains Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) with a Overweight and raises the price target from $160 to $163.

Wells Fargo Maintains Overweight on Toll Brothers, Raises Price Target to $163

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>CAVA Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) stock gained 25.55% in the last week on better-than-expected Q2 results and raised its FY24 adjusted EBITDA outlook. Also, multiple firms raised their respective <a href="https://www.benzinga.com//node/40528470" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) shares jumped 19.90% after the company reported better-than-expected <a href="https://www.benzinga.com//node/40495102" target="_blank" rel="noreferrer noopener">second-quarter results</a>.</li>
<li>Keysight Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) stock rose 14.29% after it reported better-than-<a href="https://www.benzinga.com//node/40490979" target="_blank" rel="noreferrer noopener">expected&nbsp;third-quarter results</a>.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) shares were up 14.05% after the company reported better-than-expected&nbsp;third-quarter results and issued FY24 EPS&nbsp;<a href="https://www.benzinga.com//node/40474111" target="_blank" rel="noreferrer noopener">guidance&nbsp;above estimates</a>. Many analysts increased the <a href="https://www.benzinga.com//node/40511410" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 13.09% last week amid a rise in Bitcoin&#8217;s price.</li>
<li>Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) gained 13.05% on better-than-expected Q2 earnings and the approval of an additional <a href="http://better-than-expected Q2 financial results and" target="_blank" rel="noreferrer noopener">$1 billion stock buyback</a>.</li>
<li>Builders FirstSource, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) stock upped 12.09% following strong July new Home Sales economic data. The Fed&#8217;s indication of interest rate cuts also contributed.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) shares were up 10.59%.</li>
<li>TopBuild Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) stock gained 9.92% in the last week, along with other homebuilder stocks that were up following strong New Home Sales economic data for July. Fed&#8217;s indication of interest rate cuts also played a part.</li>
<li>Advanced Drainage Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>) stock was up 9.87%, along with other construction and homebuilder stocks, following strong July new Home Sales economic data and the Fed&#8217;s indication of interest rate cuts.</li>
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Shares of household durable companies are trading higher following strong New Home Sales economic data for July. Also, the sector may be moving in sympathy with the market after Fed Chair Powell offered an optimistic U.S. economic outlook and indicated future rate cuts.

Investors with a lot of money to spend have taken a bullish stance on Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TOL, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Toll Brothers.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 23%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $172,885, and 10 are calls, for a total amount of $848,626.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $145.0 for Toll Brothers, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Toll Brothers stands at 233.36, with a total volume reaching 1,304.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Toll Brothers, situated within the strike price corridor from $125.0 to $145.0, throughout the last 30 days.
<h3>Toll Brothers Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724423451_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$16.2</td>
<td>$16.0</td>
<td>$16.2</td>
<td>$145.00</td>
<td>$324.0K</td>
<td style="text-align: right;">434</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$18.6</td>
<td>$18.0</td>
<td>$18.35</td>
<td>$127.00</td>
<td>$128.4K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/23/24</td>
<td>$17.3</td>
<td>$16.7</td>
<td>$16.99</td>
<td>$127.00</td>
<td>$118.9K</td>
<td style="text-align: right;">283</td>
<td style="text-align: right;">123</td>
</tr>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$7.7</td>
<td>$7.3</td>
<td>$7.5</td>
<td>$141.00</td>
<td>$75.0K</td>
<td style="text-align: right;">121</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.7</td>
<td>$12.5</td>
<td>$12.7</td>
<td>$125.00</td>
<td>$71.1K</td>
<td style="text-align: right;">102</td>
<td style="text-align: right;">56</td>
</tr>
</tbody>
</table>

<h3>About Toll Brothers</h3>
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-home buyers. 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.
Having examined the options trading patterns of Toll Brothers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Toll Brothers</h3>
<ul>
<li>With a trading volume of 462,277, the price of TOL is up by 4.6%, reaching $147.77.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 102 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Toll Brothers</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $149.6.
<ul>
<li>An analyst from Barclays has decided to maintain their Underweight rating on Toll Brothers, which currently sits at a price target of $135. </li>
<li>Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Outperform rating for Toll Brothers, targeting a price of $142. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Toll Brothers, which currently sits at a price target of $160. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Toll Brothers, targeting a price of $168. </li>
<li>An analyst from RBC Capital has decided to maintain their Outperform rating on Toll Brothers, which currently sits at a price target of $143. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Toll Brothers with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Smart Money Is Betting Big In TOL Options

Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) reported better-than-expected third-quarter financial results and issued FY24 EPS guidance above estimates <a href="https://www.benzinga.com/news/24/08/40489889/whats-going-on-with-toll-brothers-stock-wednesday">after the closing bell on Tuesday.</a>
Toll Brothers reported third-quarter revenue of $2.73 billion, beating the consensus estimate of $2.71 billion, according to Benzinga Pro. The luxury homebuilder reported adjusted earnings of $3.60 per share, beating analyst estimates of $3.31 per share.
Home sales revenues were up 2% year-over-year to $2.72 billion as homes delivered jumped 11% to 2,814. Net signed contract value increased 11% year-over-year and contracted homes grew 11% to 2,490. Toll Brothers ended the quarter with a backlog of $7.07 billion, down 10% year-over-year.
"Net signed contracts were up year-over-year approximately 11% in both units and dollars, with July being our strongest month in the quarter. We are also encouraged by our solid deposit and traffic activity through the first three weeks of August," said Douglas Yearley Jr., chairman and CEO of Toll Brothers.
Toll Brothers expects to deliver between 3,275 and 3,375 units in the fourth quarter. Adjusted home sales gross margin is expected to come in at 27.5%. Toll Brothers also said it raised its full-year guidance across all key home-building metrics. The company expects to deliver between 10,650 and 10,750 units in full-year 2024. Toll Brothers anticipates adjusted home sales gross margin of 28.3% for the full year. The company expects full-year earnings of $14.50 to $14.75 per share versus estimates of $14.20 per share.
Toll Brothers shares gained 0.7% to trade at $142.04 on Thursday.
These analysts made changes to their price targets on Toll Brothers following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596530e4988ca80001209fc0/rafe-jadrosich">B of A Securities analyst Rafe Jadrosich </a>maintained Toll Brothers with a Buy and raised the price target from $150 to $160.</li>
<li>Oppenheimer analyst Tyler Batory maintained Toll Brothers with an Outperform and raised the price target from $157 to $168.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093e988ca8000150db56/matthew-bouley">Barclays analyst Matthew Bouley</a> maintained the stock with an Underweight and raised the price target from $116 to $135.</li>
<li>Wells Fargo analyst Sam Reid maintained Toll Brothers with an Overweight and increased the price target from $150 to $160.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3aa3632d37ce00019c9bcf/mike-dahl">RBC Capital analyst Mike Dahl</a> maintained the stock with an Outperform and raised the price target from $130 to $143.</li>
</ul>
Considering buying TOL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="537" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22114241/image-198-1024x537.png" alt="" class="wp-image-509028" style="width:610px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22114241/image-198-1024x537.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22114241/image-198-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22114241/image-198-768x403.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22114241/image-198.png 1286w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

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