Toll Brothers, Inc.
In the published model solve dated 2026-Q2, anchored at $155.04, Toll Brothers, Inc. (TOL) is priced for -0.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Toll Brothers is the luxury specialist among the big builders, delivering homes at an average price approaching $1 million with an adjusted gross margin of 26.2% in its April 2026 quarter, above what D.R. Horton (23.7%) and KB Home (18.9%) report in their own filings [Source: Q2 FY2026 earnings release, May 2026]. • The stock trades at 11.1x trailing earnings against an 18x sector median even after every family of valuation method lands at or above the current price, with the macro lever, mort
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754 institutional managers reported holding TOL in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 47%. 107 opened new positions that quarter. Held by BlackRock, Vanguard Group, Capital Group (American Funds), among others. On the short side, 4.5M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TOL has cut its share count 23.2% over the past five years, spending $2.82B on repurchases. It pays a dividend, and has for 9 years running, raised 5 years straight; the current rate is $0.98 a share annually. Cash returned over the past three years: $284.68M in dividends and $1.98B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TOL over the trailing three years: 2025: 1 buy totaling $9k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TOL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-01 | +5.1% | -3.0% |
| 2023-12-22 | +13.8% | +7.5% |
| 2024-03-02 | +5.3% | +5.7% |
| 2024-06-01 | -9.1% | +11.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TOL's latest 8-K filings: 2026-05-19 (items 2.02, 9.01); 2026-05-13 (items 5.02, 8.01, 9.01); 2026-03-31 (items 5.02, 9.01); 2026-03-11 (items 5.07, 9.01); 2026-02-17 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.