Toll Brothers (TOL) Wins by Serving Luxury, but is There More Upside?

Erin Sykes and Alex Barron dissect Toll Brothers (TOL) earnings, with the stock falling after the report. Alex argues the valuation is near historical highs, “in some ways discounting a lot of good news going forward.” However, he thinks they had a great quarter overall. Erin says Toll Brothers benefits from being a luxury homebuilder, noting that the $20M+ market where she’s based is “going gangbusters” vs the rest of the sector. She expects a more stable housing market going forward.

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