Toll Brothers Announces New Phase of Home Sites at Jordanelle Ridge in Heber City, Utah

Toll Brothers announces new home sites at Jordanelle Ridge, Heber City, starting at $1,031,995, with luxury amenities and designs.

Quiver AI Summary

Toll Brothers, Inc. has announced the upcoming release of a new phase of home sites at their Jordanelle Ridge community in Heber City, Utah, set to be available for sale in late spring 2025. This follows the near sell-out of the first phase. The homes, ranging from approximately 2,600 to over 4,300 square feet with customizable options, will start at $1,031,995 and feature large sliding doors and possible finished basements. Residents will benefit from on-site amenities including a fitness center, clubhouse, and recreational facilities, while the community's location offers easy access to outdoor activities and stunning mountain views. Mark Bailey, Regional President of Toll Brothers in Utah, expressed excitement about the community's popularity and the unique features available to homebuyers.

Potential Positives

Announcement of a new phase of home sites in the Toll Brothers at Jordanelle Ridge community indicates strong demand, with the first phase nearly sold out.
The new homes feature luxury designs with customizable options, appealing to buyers looking for personalization in their dream home.
Residents will benefit from access to a range of onsite amenities, promoting a desirable resort-style living experience.
The strategic location offers convenient access to popular outdoor recreation areas, enhancing the community's appeal to potential homeowners.

Potential Negatives

High starting price of $1,031,995 may limit the buyer pool and affect sales velocity in a competitive market.
The press release does not disclose specific timelines for when the new amenities will be completed, creating uncertainty for potential buyers regarding community development.
Limited information on the success of existing home sales could raise concerns about market demand for the new phase.

FAQ

What new home sites are available at Toll Brothers in Heber City?

Toll Brothers is releasing a new phase of home sites at Jordanelle Ridge in Heber City, available in late spring 2025.

What amenities are offered in the Jordanelle Ridge community?

Residents will enjoy a fitness center, clubhouse, cafe, fire pit, and hiking and biking trails among other amenities.

What is the price range for homes at Toll Brothers at Jordanelle Ridge?

Homes are priced starting at $1,031,995, offering luxury features and customizable options.

How large are the homes at Toll Brothers at Jordanelle Ridge?

Homes range from approximately 2,600 to over 4,300 square feet, with options for 2 to 6 bedrooms and bathrooms.

Where can I find more information about Toll Brothers communities?

For more information, visit TollBrothers.com/Utah or call (800) 289-8655.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$TOL Insider Trading Activity

$TOL insiders have traded $TOL stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:

DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has made 0 purchases and 4 sales selling 100,000 shares for an estimated $15,507,487.
MARTIN P. CONNOR (Chief Financial Officer) has made 0 purchases and 2 sales selling 16,140 shares for an estimated $2,181,669.
PAUL E SHAPIRO has made 0 purchases and 2 sales selling 10,837 shares for an estimated $1,263,469.
JOHN A MCLEAN sold 1,000 shares for an estimated $151,100
CHRISTINE GARVEY has made 0 purchases and 3 sales selling 645 shares for an estimated $74,766.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TOL Hedge Fund Activity

We have seen 311 institutional investors add shares of $TOL stock to their portfolio, and 405 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BALYASNY ASSET MANAGEMENT L.P. added 1,110,192 shares (+24475.1%) to their portfolio in Q4 2024, for an estimated $139,828,682
D1 CAPITAL PARTNERS L.P. added 845,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $106,427,750
QUBE RESEARCH & TECHNOLOGIES LTD added 739,218 shares (+150.4%) to their portfolio in Q4 2024, for an estimated $93,104,507
MARSICO CAPITAL MANAGEMENT LLC removed 701,928 shares (-93.3%) from their portfolio in Q4 2024, for an estimated $88,407,831
BLACKROCK, INC. removed 605,529 shares (-4.5%) from their portfolio in Q4 2024, for an estimated $76,266,377
HOLOCENE ADVISORS, LP added 572,809 shares (+inf%) to their portfolio in Q4 2024, for an estimated $72,145,293
CIBC PRIVATE WEALTH GROUP LLC removed 557,027 shares (-98.9%) from their portfolio in Q4 2024, for an estimated $70,157,550

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$TOL Analyst Ratings

Wall Street analysts have issued reports on $TOL in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wedbush issued a "Outperform" rating on 10/25/2024
Wells Fargo issued a "Overweight" rating on 09/27/2024

To track analyst ratings and price targets for $TOL, check out Quiver Quantitative's $TOL forecast page.

Full Release

HEBER CITY, Utah, March 18, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, has announced a new phase of future home sites in its Toll Brothers at Jordanelle Ridge community in Heber City, Utah. The first phase of Toll Brothers home sites is nearly sold out, and the new phase will be available for sale in late spring 2025 at 2109 North Paradise Flat Lane in Heber City.

Set in the picturesque Wasatch Back region, Toll Brothers at Jordanelle Ridge provides exquisite living with award-winning home designs ranging from approximately 2,600 to 4,300+ square feet, with 2 to 6 bedrooms and 2 to 6 bathrooms. The homes feature large multi-panel sliding doors opening to beautiful outdoor spaces, with options for expansive finished basements. Homes are priced starting at $1,031,995.

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

“With the exceptional response to our Toll Brothers at Jordanelle Ridge community, we are thrilled to announce the upcoming release of our second phase of homes,” said Mark Bailey, Regional President of Toll Brothers in Utah. “This new phase will offer the same distinctive architecture and unmatched personalization options that home shoppers have come to expect from Toll Brothers. Our luxury homes, combined with this community’s proximity to top-tier outdoor activities and spectacular mountain views, have made it a highly sought-after location.”

Toll Brothers homeowners will have access to the onsite amenities of the Jordanelle Ridge master plan. Currently under construction, residents will soon enjoy a state-of-the-art fitness center, clubhouse, cafe, fire pit, hiking and biking trails, and a pickleball court, creating a resort-style living experience.

The community is conveniently located just 11 minutes from Deer Valley Resort, 20 minutes from Downtown Park City, and 25 minutes from Park City Mountain, offering endless year-round outdoor recreation opportunities.

Additional Toll Brothers new home communities in the Salt Lake Valley area include: Copperhaven by Toll Brothers , Canyon Point at Traverse Mountain , Denali Estates , The Ridge by Toll Brothers , Toll Brothers at Lakeview Estates , Toll Brothers at Wildflower , Sycamore Glen by Toll Brothers , and Westlake Vistas .

For more information, call (800) 289-8655 or visit TollBrothers.com/Utah .

About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine's World’s Most Admired Companies™ for 10+ years in a row, and in 2024 the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com .

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0bf04e3a-1d2e-4282-8ff5-25851ae37455

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)