Toll Brothers Opens New Luxury Townhome Community, Enclave at Armonk, in Westchester County, NY

Toll Brothers launched Enclave at Armonk, a luxury townhome community in Westchester County, starting at $1.39 million.

Quiver AI Summary

Toll Brothers, Inc. has announced the opening of its new luxury townhome community, Enclave at Armonk, located at 113 King St. in Westchester County, New York. This community features sophisticated two-story townhomes designed with resort-style amenities, including open-concept floor plans, first-floor primary suites, and two-car garages, with prices starting at $1.39 million. The location offers proximity to downtown Armonk's shops and restaurants, as well as recreational opportunities nearby. Future onsite amenities will include a clubhouse, fitness center, and heated outdoor pool, while the homeowners' association will handle maintenance tasks. Homebuyers will also benefit from the Toll Brothers Design Studio, allowing them to customize their homes.

Potential Positives

The opening of the Enclave at Armonk community expands Toll Brothers' portfolio in a highly desirable location in Westchester County.
The community features luxury townhome designs with resort-style amenities, appealing to upscale homebuyers.
The development supports the company's reputation for quality and luxury, reinforcing its market position as a leading builder of luxury homes.
Future amenities like a clubhouse, fitness center, and heated outdoor pool enhance the community's attractiveness, promoting low-maintenance living for residents.

Potential Negatives

High starting price of homes at $1.39 million may limit the potential buyer pool, affecting sales performance.
The announcement lacks specific details about the sales timeline or demand forecasts for the Enclave at Armonk community, which could imply uncertainty regarding market interest.
Potential economic fluctuations or rising interest rates could negatively impact luxury home buyer confidence, affecting the success of this new development.

FAQ

Where is Enclave at Armonk located?

Enclave at Armonk is located at 113 King St. in Armonk, New York, minutes from Greenwich, Connecticut.

What amenities does Enclave at Armonk offer?

The community provides resort-style amenities such as a clubhouse, fitness center, heated outdoor pool, and low-maintenance living.

What are the starting prices for homes at Enclave at Armonk?

Homes at Enclave at Armonk are priced starting from $1.39 million.

Which school district do students attend from Enclave at Armonk?

Students from Enclave at Armonk will attend the top-rated Byram Hills Central School District.

How can I learn more about Enclave at Armonk?

For more information, call 866-329-2001 or visit TollBrothers.com/NY.

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 9 times in the past 6 months. Of those trades, 1 have been purchases and 8 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) sold 20,145 shares for an estimated $2,983,105
ROBERT PARAHUS (President & COO) sold 9,831 shares for an estimated $1,286,249
MARTIN P. CONNOR (Chief Financial Officer) sold 5,350 shares for an estimated $735,665
PAUL E SHAPIRO sold 3,812 shares for an estimated $562,847
STEPHEN F. EAST sold 2,500 shares for an estimated $288,325
MICHAEL J. GRUBB (SVP & Chief Accounting Officer) has made 0 purchases and 2 sales selling 1,000 shares for an estimated $130,315.
CHRISTINE GARVEY sold 770 shares for an estimated $92,258
KATHERINE M SANDSTROM purchased 68 shares for an estimated $8,627

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

$TOL Hedge Fund Activity

We have seen 366 institutional investors add shares of $TOL stock to their portfolio, and 301 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC removed 3,800,580 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $433,760,195
AQR CAPITAL MANAGEMENT LLC added 1,183,304 shares (+83.1%) to their portfolio in Q2 2025, for an estimated $135,050,485
D1 CAPITAL PARTNERS L.P. added 913,881 shares (+132.4%) to their portfolio in Q2 2025, for an estimated $104,301,238
INVESCO LTD. removed 905,008 shares (-77.4%) from their portfolio in Q2 2025, for an estimated $103,288,563
HOLOCENE ADVISORS, LP added 751,255 shares (+150.7%) to their portfolio in Q2 2025, for an estimated $85,740,733
DIMENSIONAL FUND ADVISORS LP added 701,739 shares (+32.5%) to their portfolio in Q2 2025, for an estimated $80,089,472
VICTORY CAPITAL MANAGEMENT INC removed 678,520 shares (-69.6%) from their portfolio in Q2 2025, for an estimated $77,439,487

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 0 firms issue sell ratings.

Here are some recent analyst ratings:

B of A Securities issued a "Buy" rating on 10/10/2025
Argus Research issued a "Buy" rating on 09/05/2025
Wedbush issued a "Outperform" rating on 09/05/2025
Wells Fargo issued a "Overweight" rating on 08/21/2025
RBC Capital issued a "Outperform" rating on 08/21/2025
Seaport Global issued a "Buy" rating on 07/23/2025
Raymond James issued a "Strong Buy" rating on 05/23/2025

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 11 analysts offer price targets for $TOL in the last 6 months, with a median target of $160.0.

Here are some recent targets:

Rafe Jadrosich from B of A Securities set a target price of $150.0 on 10/10/2025
Stephen Kim from Evercore ISI Group set a target price of $160.0 on 10/07/2025
Anthony Pettinari from Citigroup set a target price of $147.0 on 10/01/2025
Jay McCanless from Wedbush set a target price of $165.0 on 09/05/2025
Christopher Graja from Argus Research set a target price of $165.0 on 09/05/2025
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $145.0 on 08/28/2025
Buck Horne from Raymond James set a target price of $160.0 on 08/25/2025

Full Release

ARMONK, N.Y., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the opening of its newest luxury townhome community Enclave at Armonk , in Westchester County, New York. Located at 113 King St. in Armonk just minutes from Greenwich, Connecticut, the community features sophisticated two-story townhome designs with a variety of resort-style amenities.

Enclave at Armonk offers elegant carriage-style townhomes with open-concept floor plans. Most home designs include first-floor primary bedroom suites, two-story great rooms with wood-burning fireplaces, flex spaces, and full basements with the option to finish. Each home features a two-car garage and is situated in a scenic location just minutes from the shops and restaurants of downtown Armonk. Homes are priced from $1.39 million.

"Enclave at Armonk offers home shoppers a unique opportunity to enjoy new construction homes with resort-style amenities in a highly desirable location in Westchester County," said Jack Lannamann, Division President of Toll Brothers in New York. "With its sophisticated home designs situated just minutes from charming downtown Armonk, this community upholds the Toll Brothers legacy of luxury and quality in the best locations."

Future onsite amenities include a clubhouse, fitness center, and heated outdoor pool. The community’s homeowners’ association provides low-maintenance living with landscaping, irrigation, and snow removal from driveways up to front doors included.

Located near Kensico Dam Plaza, Rye Lake, Tamarack Country Club, and more, and just minutes from Greenwich, Enclave at Armonk offers endless opportunities for recreation. Its proximity to Interstate 684 and the Merritt Parkway makes commuting and travel convenient. Students will have the opportunity to attend schools in the top-rated Byram Hills Central School District.

Home shoppers will experience one-stop shopping at the Toll Brothers Design Studio . The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Quick move-in homes with Designer Appointed Features are also available in the community.

For more information on Enclave at Armonk or other Toll Brothers communities in New York, call 866-329-2001 or visit TollBrothers.com/NY .

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]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a0ecce2b-6050-43c0-9c06-8d4c6d12611a

https://www.globenewswire.com/NewsRoom/AttachmentNg/82cd74b2-2f7e-4e2b-bea7-218f74b61d69

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