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Toll Brothers Announces CEO Succession and Leadership Transition

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Toll Brothers Announces CEO Succession and Leadership Transition

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Toll Brothers ( (TOL) ) just unveiled an update.

On January 7, 2026, Toll Brothers announced a planned leadership transition effective March 30, 2026, under which long-time Chairman and Chief Executive Officer Douglas C. Yearley, Jr., who has led the company as CEO since 2010 and as Board Chair since 2018, will move into the role of Executive Chairman while continuing to guide strategic initiatives and oversee a smooth handover. Executive Vice President Karl K. Mistry, a 22-year company veteran who currently oversees homebuilding operations across 15 Eastern states and has held progressively senior roles since joining Toll Brothers in 2004, will succeed Yearley as Chief Executive Officer and join the Board, a move the company’s directors present as the culmination of a deliberate succession process that leverages its deep internal talent bench and is intended to sustain operational continuity, support the firm’s national expansion, and reinforce value creation for shareholders, employees, and homeowners.

The most recent analyst rating on (TOL) stock is a Buy with a $141.00 price target. To see the full list of analyst forecasts on Toll Brothers stock, see the TOL Stock Forecast page.

Spark’s Take on TOL Stock

According to Spark, TipRanks’ AI Analyst, TOL is a Outperform.

Toll Brothers’ strong financial performance and positive technical indicators are the primary drivers of the stock’s score. The company’s effective cost management and strategic growth initiatives further bolster its outlook. While valuation metrics are reasonable, the modest dividend yield suggests a focus on growth. Challenges noted in the earnings call, such as delayed transactions, slightly temper the overall score.

To see Spark’s full report on TOL stock, click here.

More about Toll Brothers

Toll Brothers, Inc. is a Fortune 500 company and the nation’s leading builder of luxury homes, operating in more than 60 U.S. markets across 24 states. Founded in 1967 and publicly listed on the NYSE under the symbol TOL since 1986, the company serves first-time, move-up, active-adult, and second-home buyers, and also runs related businesses in architectural and engineering services, mortgage and title operations, land development, smart home technology, landscaping, and building components manufacturing. It has been repeatedly recognized among Fortune’s World’s Most Admired Companies and has received multiple Builder of the Year honors from major industry publications.

Average Trading Volume: 1,150,658

Technical Sentiment Signal: Buy

Current Market Cap: $12.93B

Find detailed analytics on TOL stock on TipRanks’ Stock Analysis page.

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