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Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. [ 2 ] [ 3 ] In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue.
Robert Irwin Toll [1] was born to a Jewish family, the son of Sylvia (née Steinberg) [2] [3] and Albert Toll, he grew up in Elkins Park, Pennsylvania. [1] His father, who emigrated from Ukraine, [4] was a millionaire investor who lost everything in the stock market crash of 1929. [5]
Toll Brothers later expanded into building “active-adult” communities for the elderly affluent and urban high-rises for the newly affluent (Toll Brothers City Living). [7] In 1998, Toll sold 5 million shares of Toll Brothers for $186.6 million although still remaining its second largest shareholder and vice-chairman. [4] [8] In November ...
Toll Brothers’ stock is having a good year despite uncertainty over when the Federal Reserve will cut rates. One major factor is the homebuilder's luxury positioning in the market.
Toll Brothers said new signed contracts dropped 51% from the same period last year to 1,461 homes in its latest quarter, with dollar value declining 51% from a year ago. Regionally, the West ...
Toll Brothers is also working to keep prices lower for potential buyers. Read more: How to buy a house in 2023. During the fourth quarter, the homebuilder signed 2,038 net contracts at an average ...
In December of 2021, Kan was appointed to the board of Toll Brothers. [19] As of 2022, Kan served on the board of Deliverr, a startup focused on e-commerce fulfillment services. [20] His work continued after the firm was acquired by Shopify where, as of 2023, he was a vice president. [21]
Wedbush analyst Jay McCanless upgraded Toll Brothers, Inc. (NYSE:TOL) to Outperform from Neutral, raising the price forecast to $175 from $148. The analyst indicates that the recent dip in the ...
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