Toll Brothers Unveils Luxury Developments in Georgia and Nevada Amid Analyst Target Cut
The luxury homebuilder announced two new communities on May 28, while RBC Capital lowered its price target to $158, citing resilient demand from high-end buyers despite softer order volumes.
Toll Brothers announced the opening of two new residential developments on May 28, expanding its portfolio in Georgia and Nevada. The company introduced the Emberly-Mariposa Collection in Alpharetta, Georgia, featuring three-story townhomes with more than 2,500 square feet of living space. Prices for these properties start from approximately $700,000.
On the same day, the builder unveiled Liberty Ridge in Boulder City, Nevada. This community offers single- and two-story home designs ranging from approximately 2,690 to over 3,600 square feet. The development includes the Windmarch Collection, with homes priced from the high end of $700,000, and the Crestfield Collection, where prices start from the low end of $900,000.
These announcements follow a recent adjustment by RBC Capital Markets, which reduced its price target for Toll Brothers to $158 from $161 on May 21. The firm maintained an Outperform rating on the stock, noting that the company’s second-quarter earnings beat and solid fiscal year guidance supported the investment case.
RBC Capital highlighted that while order volumes have softened, gross margins have improved due to a favourable product mix. The analyst noted that higher-end buyers remain resilient, helping to offset the impact of a challenging operating environment on the builder’s financial performance.
Toll Brothers operates across the luxury homebuilding sector, managing its own architectural, engineering, mortgage, title, land development, and smart home technology businesses. The company also produces building components and offers landscape services, integrating various stages of the construction process into its operations.
