Toll Brothers Announces Opening of Ascente Luxury Home Community in Reno, Nevada

Toll Brothers' new luxury community, Ascente, opens for sale in Reno, featuring 12 customizable home designs starting in the $1,100,000s.

Quiver AI Summary

Toll Brothers, Inc., a leading builder of luxury homes, has announced the opening of its new community, Ascente by Toll Brothers, located in Reno, Nevada. The community features sophisticated home designs set against the backdrop of the Sierra mountains, with 12 single-family home options available ranging from 2,600 to over 6,372 square feet, priced from the $1,100,000s. Set to welcome residents as early as fall 2025, Ascente includes a variety of innovative features and personalization options for homebuyers. The community also offers direct access to walking, hiking, and biking trails, along with proximity to top schools and amenities. Interested buyers can find more information by contacting Toll Brothers directly or visiting their website.

Potential Positives

Announcement of the new luxury community, Ascente by Toll Brothers, opens opportunities for sales in a highly desirable location in Reno, Nevada.
Ascente offers 12 unique single-family home designs, appealing to a range of buyers with various lifestyle preferences and personalized options.
Potential for significant market impact with homes priced starting in the $1,100,000s, showcasing the company’s positioning in the luxury home market.
Proximity to amenities like schools, shopping, and outdoor activities enhances the attractiveness of the community for prospective buyers.

Potential Negatives

The starting price of homes at Ascente is over $1.1 million, which may limit the potential buyer pool and accessibility for first-time home buyers.
The announcement of move-in dates as far out as fall 2025 may raise concerns about the timeline of project completion and lead to buyer apprehension in a fluctuating market.

FAQ

What is Ascente by Toll Brothers?

Ascente is a new luxury home community by Toll Brothers, located in South Reno, Nevada, featuring 12 unique home designs.

When will homes at Ascente be available for move-in?

Homes at Ascente will be available for move-in starting in fall 2025.

What amenities does Ascente offer residents?

Residents will enjoy walking, hiking, and biking trails, as well as proximity to top schools, shopping, dining, and entertainment.

What price range can homebuyers expect at Ascente?

Pricing for homes at Ascente starts in the $1,100,000s.

How can prospective buyers learn more about Ascente?

Interested buyers can call (855) 400-8655 or visit TollBrothers.com/Reno for more information.

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 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 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 3 sales selling 75,000 shares for an estimated $11,681,335.
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

RENO, Nev., March 24, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its highly anticipated community, Ascente by Toll Brothers , is now open for sale at 4006 Copper Cove Court in Reno, Nevada. This new luxury community features sophisticated new home designs in a breathtaking South Reno setting, with homes available for move-in as early as fall 2025.

With the ascending Sierra mountains as a backdrop, Ascente offers 12 Toll Brothers single-family home designs with spacious floor plans ranging from 2,600 to 6,372+ square feet. The Copper Rock and Silverskye collections feature unique floor plans and personalization options to suit a variety of lifestyles and preferences. Pricing at Ascente starts in the $1,100,000s.

"It is our great pleasure to introduce Reno’s most exciting new home community located in one of the most desirable areas in our region,” said Donna O'Connell, Division President of Toll Brothers in Reno. “With innovative new floor plans, impressive architecture, and sensational mountain views from multiple vantage points, Ascente by Toll Brothers is sure to become a premier neighborhood that will redefine luxury living in Northern Nevada.”

Home designs at Ascente offer an array of innovative features and options, including impressive main living areas with high ceilings and ample windows, dual kitchen islands, kitchen prep areas, dynamic loft spaces, media rooms, conservatories, expansive primary suites with secondary retreat rooms, multigenerational living suites, lower-level finished walk-out basements, and RV garages. Expansive covered patios, decks, and balconies maximize and elevate outdoor living spaces with incredible opportunities for unparalleled views.

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. Quick move-in homes featuring a carefully curated selection of fixtures and finishes are also available at the community, with move-in dates starting in fall 2025.

Ascente residents will enjoy luxurious amenities including walking, hiking, and biking trails that provide direct access to the surrounding natural beauty. The community’s location offers proximity to top schools, shopping, dining, and entertainment, ensuring convenience alongside tranquility.

For more information on Ascente by Toll Brothers, prospective home buyers are invited to call (855) 400-8655 or visit TollBrothers.com/Reno .

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/c86db007-c1d7-4379-a399-a5bf26cbd93b

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