Toll Brothers Announces Upcoming All-Electric Luxury Townhome Community in Milpitas, California

Toll Brothers will soon launch an all-electric luxury townhome community in Milpitas, with sales starting fall 2025.

Quiver AI Summary

Toll Brothers, Inc. announced the upcoming launch of its new luxury townhome community, Toll Brothers at South Main, in Milpitas, California, set to begin sales in fall 2025. This all-electric community will offer modern homes ranging from 1,565 to over 2,330 square feet, featuring three stories, 3 to 4 bedrooms, and 3 to 3.5 bathrooms, with prices starting at $1.2 million. The community will provide a design studio for personalization options and is conveniently located near major Silicon Valley employers, transportation links, and recreational amenities. In addition, the neighborhood will include a park for families, and children will have access to the Milpitas Unified School District.

Potential Positives

Toll Brothers is launching a new luxury community, Toll Brothers at South Main, in a highly desirable area of Milpitas, California, indicating strong market demand and company growth potential.
The new community will feature all-electric homes, aligning with current trends toward sustainability and energy efficiency in housing.
Homes will be located close to major employers in Silicon Valley, enhancing their appeal to professionals seeking convenient housing options.
The availability of a modern Design Studio for personalization options offers a competitive advantage in the luxury home market, catering to customer preferences.

Potential Negatives

The announcement of luxury townhomes starting at $1.2 million may alienate potential buyers in a market where affordability is a growing concern.
The introduction of an all-electric community could limit appeal to buyers who prefer traditional energy sources or are on a budget for modifications to accommodate electric living.
Sales are not expected to begin until fall 2025, which may raise concerns about market conditions and demand by that time, potentially affecting buyer interest.

FAQ

What is Toll Brothers at South Main?

Toll Brothers at South Main is a new all-electric luxury townhome community in Milpitas, California, featuring modern living spaces.

When do sales begin for the new community?

Sales for Toll Brothers at South Main are anticipated to begin in fall 2025.

What home sizes are available at this community?

Homes at Toll Brothers at South Main range from 1,565 to over 2,330 square feet, with 3 to 4 bedrooms.

What amenities will the community offer?

The community will include a park, tot lot, picnic areas, and proximity to shopping, dining, and major employers.

How can I get more information about Toll Brothers at South Main?

For more information, call (844) 790-5263 or visit TollBrothers.com/CA to join the interest list.

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 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

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

PAUL E SHAPIRO sold 7,000 shares for an estimated $748,771
STEPHEN F. EAST sold 2,500 shares for an estimated $288,325
CHRISTINE GARVEY has made 0 purchases and 2 sales selling 1,190 shares for an estimated $138,703.
MICHAEL J. GRUBB (SVP & Chief Accounting Officer) sold 500 shares for an estimated $60,000

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

$TOL Hedge Fund Activity

We have seen 317 institutional investors add shares of $TOL stock to their portfolio, and 378 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC added 3,800,580 shares (+inf%) to their portfolio in Q1 2025, for an estimated $401,303,242
BLACKROCK, INC. removed 1,137,785 shares (-8.9%) from their portfolio in Q1 2025, for an estimated $120,138,718
LONG POND CAPITAL, LP added 1,116,300 shares (+inf%) to their portfolio in Q1 2025, for an estimated $117,870,117
MILLENNIUM MANAGEMENT LLC added 767,715 shares (+232.6%) to their portfolio in Q1 2025, for an estimated $81,063,026
INVESCO LTD. removed 734,493 shares (-38.6%) from their portfolio in Q1 2025, for an estimated $77,555,115
VICTORY CAPITAL MANAGEMENT INC added 583,940 shares (+149.5%) to their portfolio in Q1 2025, for an estimated $61,658,224
QUBE RESEARCH & TECHNOLOGIES LTD added 537,837 shares (+43.7%) to their portfolio in Q1 2025, for an estimated $56,790,208

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 9 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 08/01/2025
Seaport Global issued a "Buy" rating on 07/23/2025
Raymond James issued a "Strong Buy" rating on 05/23/2025
Evercore ISI Group issued a "Outperform" rating on 05/22/2025
RBC Capital issued a "Outperform" rating on 05/16/2025
Oppenheimer issued a "Outperform" rating on 05/15/2025
Wedbush issued a "Outperform" rating on 05/15/2025

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

$TOL Price Targets

Multiple analysts have issued price targets for $TOL recently. We have seen 12 analysts offer price targets for $TOL in the last 6 months, with a median target of $140.0.

Here are some recent targets:

Sam Reid from Wells Fargo set a target price of $140.0 on 08/01/2025
Kenneth Zener from Seaport Global set a target price of $161.0 on 07/23/2025
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $120.0 on 05/23/2025
Buck Horne from Raymond James set a target price of $130.0 on 05/23/2025
Stephen Kim from Evercore ISI Group set a target price of $169.0 on 05/22/2025
Mike Dahl from RBC Capital set a target price of $133.0 on 05/16/2025
Tyler Batory from Oppenheimer set a target price of $155.0 on 05/15/2025

Full Release

MILPITAS, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at South Main , is coming soon to Milpitas, California. This exclusive all-electric community will feature new luxury townhomes designed to offer modern living spaces and high-end finishes. Sales are anticipated to begin in fall 2025.

Toll Brothers at South Main will include a selection of innovative home designs ranging from 1,565 to 2,330+ square feet with 3 to 4 bedrooms and 3 to 3.5 bathrooms. Each home will feature three stories of living space and an attached 2-car garage, providing ample space for families and professionals alike. Homes will be priced from $1.2 million.

“Our new Toll Brothers at South Main community provides the rare opportunity to build a new construction home in an all-electric community within the highly desirable Milpitas area,” said Alli Sweeney, Division President of Toll Brothers in Northern California. “With modern home designs, two-car attached garages, and an array of personalization options available, this townhome community will offer luxury living in a central location.”

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.

Located at South Main Street and Curtis Avenue, Toll Brothers at South Main , offers proximity to major employers in Silicon Valley and easy access to transportation options such as Valley Transportation Authority Light Rail, Milpitas Bay Area Rapid Transit (BART) Station, and San Jose Mineta International Airport. The community is also near world-class shopping, dining, and recreation destinations including Santana Row, Westfield Valley Fair, Milpitas Square, Mission Peak Regional Preserve, Big Dog Vineyards, and Hidden Lake Park.

The community will also include a park with a tot lot and picnic areas, enhancing the neighborhood's appeal. Children will have the opportunity to attend schools within the Milpitas Unified School District.

For more information and to join the interest list for Toll Brothers on South Main, call (844) 790-5263 or visit TollBrothers.com/CA .

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/957affe3-b739-435e-a524-6ec0cb87fcd2

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