TOLNYSEOperative BuildersFiscal year ends October 31
Toll Brothers, Inc.
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 28, 2026
$131.12−2.58 (-1.93%)
Close on Oct 19, 2026
- Market cap
- $12.38B
- P/E (TTM)
- 10.5
- Dividend yield
- 0.75%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
94.0%
87M of 92M shares
Institutional holders
803
128 new, 95 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
0 buys · 9 sales
Net sold $26.05M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 9,330,227 | 10.10% | 13G (passive) amendment | Aug 31, 2026 |
| Greenhaven Associates, Inc. | 5,603,187 | 5.90% | 13G (passive) amendment | Dec 31, 2025 |
| Capital World Investors | 5,224,922 | 5.40% | 13G (passive) | Sep 30, 2025 |
| Vanguard Capital Management | 4,977,098 | 5.25% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TOL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,776,609 | 10.61% | $1.61B | −172,479 | 0.02% |
| Greenhaven Associates Inc | 5,630,109 | 6.11% | $927.56M | −15,200 | 10.71% |
| Capital World Investors | 5,252,278 | 5.70% | $865.31M | +44,501 | 0.10% |
| Vanguard Capital Management LLC | 4,291,127 | 4.66% | $706.96M | +38,475 | 0.02% |
| Vanguard Portfolio Management LLC | 4,174,405 | 4.53% | $687.73M | +4,152 | 0.03% |
| FMR LLC | 4,111,225 | 4.46% | $677.32M | +606,187 | 0.03% |
| State Street Corp | 3,505,828 | 3.80% | $577.59M | +146,163 | 0.02% |
| Dimensional Fund Advisors LP | 3,106,991 | 3.37% | $511.88M | +116,544 | 0.09% |
| Geode Capital Management, LLC | 2,490,850 | 2.70% | $410.44M | +111,211 | 0.02% |
| Price T Rowe Associates Inc /Md/ | 1,894,554 | 2.06% | $312.13K | +1,501,709 | 0.03% |
| Aqr Capital Management LLC | 1,617,618 | 1.76% | $265.79M | −148,869 | 0.09% |
| Goldman Sachs Group Inc | 1,470,543 | 1.60% | $242.27M | +134,265 | 0.02% |
| Jennison Associates LLC | 1,420,703 | 1.54% | $234.06M | +2,160 | 0.14% |
| Holocene Advisors, LP | 1,331,245 | 1.44% | $219.32M | +271,660 | 0.49% |
| Norges Bank | 1,188,342 | 1.29% | $195.78M | New | 0.02% |
| Morgan Stanley | 1,156,108 | 1.25% | $190.47M | −117,640 | 0.01% |
| Victory Capital Management Inc | 1,119,309 | 1.21% | $184.41M | +356,557 | 0.10% |
| JPMorgan Chase & Co | 1,080,884 | 1.17% | $178.94M | +545,168 | 0.01% |
| Bamco Inc /Ny/ | 1,009,102 | 1.10% | $166.25M | +77,071 | 0.25% |
| Bank of New York Mellon Corp | 1,000,326 | 1.09% | $164.80M | −32,584 | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 803 | 87M | 94.0% | 128 / 312 | 214 / 95 | 10M | 6M |
| Q1 2026 | 784 | 83M | 90.5% | 125 / 291 | 240 / 66 | 17M | 10M |
| Q4 2025 | 734 | 85M | 92.7% | 109 / 236 | 269 / 86 | 10M | 10M |
| Q3 2025 | 720 | 85M | 92.4% | 131 / 255 | 213 / 65 | 10M | 13M |
| Q2 2025 | 661 | 88M | 95.6% | 115 / 248 | 196 / 107 | 12M | 13M |
| Q1 2025 | 661 | 90M | 97.6% | 88 / 212 | 257 / 134 | 14M | 12M |
| Q4 2024 | 721 | 88M | 95.9% | 110 / 239 | 264 / 97 | 11M | 12M |
| Q3 2024 | 718 | 90M | 97.3% | 137 / 245 | 244 / 71 | 23M | 11M |
| Q2 2024 | 659 | 91M | 98.9% | 105 / 220 | 236 / 83 | 7M | 12M |
| Q1 2024 | 643 | 97M | 100.0% | 134 / 180 | 246 / 59 | 10M | 12M |
| Q4 2023 | 574 | 98M | 100.0% | 117 / 180 | 218 / 50 | 8M | 10M |
| Q3 2023 | 516 | 100M | 100.0% | 66 / 192 | 172 / 59 | 11M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TOL | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 3,241,139 | 3.52% | $533.98M | 0.43% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,006,791 | 3.26% | $495.37M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,170,959 | 2.36% | $357.67M | 0.19% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 1,927,000 | 2.09% | $317.47M | 0.34% | Jun 30, 2026 |
| Washington Mutual Investors Fund | 1,394,857 | 1.51% | $203.50M | 0.09% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,375,880 | 1.49% | $226.68M | 0.33% | Jun 30, 2026 |
| Growth Fund of America | 1,297,026 | 1.41% | $179.69M | 0.05% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 1,085,353 | 1.18% | $178.81M | 0.18% | Jun 30, 2026 |
| iShares U.S. Home Construction ETF | 793,448 | 0.86% | $130.72M | 5.02% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 764,215 | 0.83% | $105.87M | 0.04% | May 31, 2026 |
| U.S. Targeted Value Portfolio | 755,109 | 0.82% | $110.16M | 0.66% | Jul 31, 2026 |
| VictoryShares Free Cash Flow ETF | 741,469 | 0.80% | $122.16M | 1.57% | Jun 30, 2026 |
| Baron Real Estate Fund | 711,600 | 0.77% | $117.24M | 5.11% | Jun 30, 2026 |
| First Trust SMID Cap Rising Dividend Achievers ETF | 645,206 | 0.70% | $106.30M | 0.94% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 625,654 | 0.68% | $91.28M | 0.63% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Seth J. Ring | President, COO, Director | 4,796 | 0.01% | Jul 1, 2026 |
| Douglas C. Yearley Jr. | Executive Chairman, Director | 403,803 | 0.44% | Jun 18, 2026 |
| Karl K. Mistry | Chief Executive Officer, Director | 162 | 0.00% | Mar 31, 2026 |
| Robert Parahus | President & COO | 23,457 | 0.03% | Jun 22, 2026 |
| Erica J. Mainardi | SVP & Chief Accounting Officer | 1,351 | 0.00% | Feb 2, 2026 |
| Gregg L. Ziegler | Chief Financial Officer | 20,599 | 0.02% | Feb 2, 2026 |
| Michael J. Grubb | SVP & Chief Accounting Officer | 3,149 | 0.00% | Dec 23, 2025 |
| Martin P. Connor | Chief Financial Officer | 15,268 | 0.02% | Aug 28, 2025 |
| Stephen F. East | Director | 12,642 | 0.01% | Sep 25, 2026 |
| John A. McLean | Director | 19,682 | 0.02% | Mar 4, 2026 |
| Scott D. Stowell | Director | 6,613 | 0.01% | Jan 20, 2026 |
| Katherine M. Sandstrom | Director | 1,363 | 0.00% | Jan 20, 2026 |
| Karen H. Grimes | Director | 16,810 | 0.02% | Jan 20, 2026 |
| Christine Garvey | Director | 12,079 | 0.01% | Jan 20, 2026 |
| Paul E. Shapiro | Director | 120,335 | 0.13% | Jan 20, 2026 |
| Derek T. Kan | Director | 6,388 | 0.01% | Jan 20, 2026 |
| Wendell E. Pritchett | Director | 15,139 | 0.02% | Jan 20, 2026 |
| Judith A. Reinsdorf | Director | 1,295 | 0.00% | Jan 20, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Stephen F. East Director | Sep 24, 2026 | Sale | −800 | $135.99 | $108.79K | 12,642 |
| Robert Parahus President & COO | Jun 18, 2026 | Sale | −7,500 | $149.66 | $1.12M | 23,457 |
| Douglas C. Yearley Jr. Executive Chairman, Director | Jun 18, 2026 | Sale | −77,957 | $156.58 | $12.21M | 321,256 |
| Douglas C. Yearley Jr. Executive Chairman, Director | Jun 18, 2026 | Option exercise | +77,957 | $31.61 | $2.46M | 399,213 |
| Stephen F. East Director | Apr 15, 2026 | Sale | −1,000 | $139.70 | $139.70K | 13,442 |
| John A. McLean Director | Mar 4, 2026 | Option exercise | +2,313 | $31.61 | $73.11K | 19,682 |
| John A. McLean Director | Mar 4, 2026 | Sale | −2,313 | $153.43 | $354.88K | 17,369 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Feb 27, 2026 | Option exercise | +27,014 | $31.61 | $853.91K | 348,270 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Feb 27, 2026 | Sale | −27,014 | $159.15 | $4.30M | 321,256 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Feb 24, 2026 | Option exercise | +45,116 | $31.61 | $1.43M | 366,372 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Feb 24, 2026 | Sale | −2,103 | $161.04 | $338.67K | 321,256 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Feb 24, 2026 | Sale | −43,013 | $160.39 | $6.90M | 323,359 |
| Gregg L. Ziegler Chief Financial Officer | Jan 31, 2026 | Tax withholding | −2,015 | $144.49 | $291.15K | 20,088 |
| Gregg L. Ziegler Chief Financial Officer | Jan 31, 2026 | Option exercise | +4,897 | – | – | 22,103 |
| Stephen F. East Director | Jan 19, 2026 | Option exercise | +1,655 | – | – | 14,442 |
| Paul E. Shapiro Director | Jan 19, 2026 | Option exercise | +1,655 | – | – | 120,335 |
| Karen H. Grimes Director | Jan 19, 2026 | Option exercise | +1,655 | – | – | 16,810 |
| Derek T. Kan Director | Jan 19, 2026 | Option exercise | +1,548 | – | – | 6,388 |
| Scott D. Stowell Director | Jan 19, 2026 | Option exercise | +1,521 | – | – | 6,613 |
| Katherine M. Sandstrom Director | Jan 19, 2026 | Option exercise | +1,295 | – | – | 1,363 |
| John A. McLean Director | Jan 19, 2026 | Option exercise | +1,628 | – | – | 17,369 |
| Judith A. Reinsdorf Director | Jan 19, 2026 | Option exercise | +1,295 | – | – | 1,295 |
| Christine Garvey Director | Jan 19, 2026 | Option exercise | +1,655 | – | – | 11,955 |
| Wendell E. Pritchett Director | Jan 19, 2026 | Option exercise | +1,628 | – | – | 15,139 |
| Paul E. Shapiro Director | Jan 15, 2026 | Sale | −3,965 | $146.68 | $581.59K | 118,680 |
| Paul E. Shapiro Director | Jan 15, 2026 | Option exercise | +3,965 | $31.61 | $125.33K | 122,645 |
| Paul E. Shapiro Director | Jan 9, 2026 | Gift | −73 | – | – | 118,680 |
| Christine Garvey Director | Dec 24, 2025 | Gift | −72 | – | – | 10,300 |
| Christine Garvey Director | Dec 23, 2025 | Gift | −1,218 | – | – | 10,372 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 22, 2025 | Gift | −19,577 | – | – | 321,256 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 20, 2025 | Option exercise | +33,887 | – | – | 355,514 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 20, 2025 | Tax withholding | −14,681 | $139.79 | $2.05M | 340,833 |
| Robert Parahus President & COO | Dec 20, 2025 | Tax withholding | −2,039 | $139.79 | $285.03K | 30,957 |
| Robert Parahus President & COO | Dec 20, 2025 | Option exercise | +4,518 | – | – | 32,996 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 17, 2025 | Award | +37,915 | – | – | 337,036 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 17, 2025 | Tax withholding | −15,409 | $138.67 | $2.14M | 321,627 |
| Robert Parahus President & COO | Dec 17, 2025 | Tax withholding | −3,079 | $138.67 | $426.96K | 28,478 |
| Robert Parahus President & COO | Dec 17, 2025 | Award | +7,483 | – | – | 31,557 |
| Robert Parahus President & COO | Dec 1, 2025 | Tax withholding | −3,064 | $139.83 | $428.44K | 24,074 |
| Robert Parahus President & COO | Dec 1, 2025 | Option exercise | +7,446 | – | – | 27,138 |
| Gregg L. Ziegler Chief Financial Officer | Dec 1, 2025 | Tax withholding | −766 | $139.83 | $107.11K | 17,206 |
| Gregg L. Ziegler Chief Financial Officer | Dec 1, 2025 | Option exercise | +2,346 | – | – | 17,972 |
| Michael J. Grubb SVP & Chief Accounting Officer | Dec 1, 2025 | Tax withholding | −380 | $139.83 | $53.14K | 2,974 |
| Michael J. Grubb SVP & Chief Accounting Officer | Dec 1, 2025 | Option exercise | +1,415 | – | – | 3,354 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 1, 2025 | Option exercise | +55,845 | – | – | 321,817 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Dec 1, 2025 | Tax withholding | −22,696 | $139.83 | $3.17M | 299,121 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Sep 8, 2025 | Sale | −20,145 | $148.08 | $2.98M | 265,972 |
| Paul E. Shapiro Director | Sep 5, 2025 | Option exercise | +3,812 | $32.85 | $125.22K | 122,565 |
| Paul E. Shapiro Director | Sep 5, 2025 | Sale | −3,812 | $147.65 | $562.84K | 118,753 |
| Wendell E. Pritchett Director | Sep 2, 2025 | Sale | −2,500 | $138.71 | $346.78K | 13,511 |
| Douglas C. Yearley Jr. Chief Executive Officer, Director | Aug 29, 2025 | Sale | −25,000 | $138.26 | $3.46M | 286,117 |
| Martin P. Connor Chief Financial Officer | Aug 27, 2025 | Sale | −5,350 | $137.51 | $735.68K | 15,268 |
| Michael J. Grubb SVP & Chief Accounting Officer | Aug 22, 2025 | Sale | −500 | $140.63 | $70.32K | 1,939 |
| Robert Parahus President & COO | Aug 21, 2025 | Sale | −9,831 | $130.84 | $1.29M | 19,692 |
| Katherine M. Sandstrom Director | Aug 6, 2025 | Buy | +68 | $126.87 | $8.63K | 68 |
| Stephen F. East Director | Jul 16, 2025 | Sale | −2,500 | $115.33 | $288.33K | 12,787 |
| Christine Garvey Director | Jul 14, 2025 | Sale | −770 | $119.82 | $92.26K | 11,590 |
| Michael J. Grubb SVP & Chief Accounting Officer | Jul 14, 2025 | Sale | −500 | $120.00 | $60.00K | 2,439 |
| Christine Garvey Director | Mar 31, 2025 | Gift | −25 | – | – | 12,360 |
| Christine Garvey Director | Mar 28, 2025 | Gift | −47 | – | – | 12,385 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Stephen F. East Director | Sep 24, 2026 | 800 | $108.79K | Sep 24, 2026 | Restricted Stock Lapse |
| Douglas C. Yearley Jr. Officer, Director | Jun 18, 2026 | 77,957 | $12.21M | Jun 18, 2026 | Employee Stock Option Exercise |
| Martin P. Connor Officer | Jun 9, 2026 | 5,332 | $773.30K | Jun 9, 2026 | Performance Stock Lapse |
| Stephen F. East Director | Apr 15, 2026 | 1,000 | $139.70K | Apr 15, 2026 | Restricted Stock Lapse |
| John A. McLean Director | Mar 4, 2026 | 2,313 | $354.89K | Mar 4, 2026 | Employee Stock Option Exercise |
| Douglas C. Yearley Jr. Officer, Director | Feb 27, 2026 | 27,014 | $4.30M | Feb 27, 2026 | Employee Stock Option Exercise |
| Douglas C. Yearley Jr. Officer, Director | Feb 24, 2026 | 45,116 | $7.24M | Feb 24, 2026 | Employee Stock Option Exercise |
| Paul E. Shapiro Director | Jan 15, 2026 | 3,965 | $125.33K | Jan 15, 2026 | Employee Stock Option Exercise |
| Martin P. Connor Officer | Jan 9, 2026 | 10,000 | $1.46M | Jan 9, 2026 | Restricted Stock Lapse |
| Douglas C. Yearley Jr. Officer, Director | Sep 8, 2025 | 20,145 | $2.98M | Sep 8, 2025 | Restricted Stock Lapse |
| Paul E. Shapiro Director | Sep 5, 2025 | 3,812 | $562.85K | Sep 5, 2025 | Employee Stock Option Exercise |
| Wendell E. Pritchett Director | Sep 2, 2025 | 2,500 | $346.78K | Sep 2, 2025 | Restricted Stock Lapse |
| Douglas C. Yearley Jr. Officer, Director | Aug 29, 2025 | 25,000 | $3.46M | Aug 29, 2025 | Restricted Stock Lapse |
| Martin P. Connor Officer | Aug 27, 2025 | 5,350 | $735.67K | Aug 27, 2025 | Performance Stock Lapse |
| Robert Parahus Officer | Aug 21, 2025 | 9,831 | $1.29M | Aug 21, 2025 | Restricted Stock Lapse |