Toll Brothers - Luxury Homebuilder on a Growth Path Thanks to Declining Rates!
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Business drivers: Toll Brothers (TOL) has established itself as one of the leading US homebuilders with average prices for single-family homes exceeding $900,000 in the upscale market segment, currently operating in 24 US states. After suffering from weak construction demand in recent years like many other builders, the business is rebounding thanks to declining mortgage rates. On August 19, Toll Brothers impressed with a significant EPS increase from $3.60 to $3.73, while the analyst consensus was $3.659.
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