EU and US could reach trade deal this weekend - Reuters
FORT WASHINGTON, Pa. - Luxury homebuilder Toll Brothers, Inc. (NYSE:TOL), currently valued at $12.06 billion with a P/E ratio of 9.01, announced Thursday that Gregg Ziegler will succeed Marty Connor as Chief Financial Officer effective October 31, 2025, when the company’s fiscal year ends. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.22, reflecting strong operational performance.
Ziegler, currently Senior Vice President, Investor Relations & Treasurer, has been with the company for 23 years. Connor, who has served as CFO for 17 years, will remain with Toll Brothers as a senior advisor for one year following his retirement to ensure a smooth transition.
In his new role, Ziegler will report directly to Chairman and CEO Douglas C. Yearley, Jr. and will oversee accounting, treasury, finance, tax, investor relations, risk management, internal audit, mortgage, title and information technology functions.
"During his 17 years with Toll Brothers, Marty has been an outstanding leader, business partner and financial steward," said Yearley in the statement. "Given his extensive experience in our finance department, strong partnership with our operations teams, and long-term relationships on Wall Street, Gregg has an unmatched understanding of our business."
Ziegler began his career at Toll Brothers in 2002 as an Assistant Finance Director and has held positions of increasing responsibility since then. He was promoted to Senior Vice President in 2010 and appointed Treasurer in 2013. In May 2024, he also assumed leadership of the Investor Relations department.
Ziegler holds a Bachelor of Science degree in Accounting and a Master of Business Administration degree from Villanova University.
Toll Brothers, a Fortune 500 company founded in 1967, builds luxury homes in over 60 markets across 24 states and the District of Columbia. The company went public in 1986 and trades on the New York Stock Exchange. InvestingPro analysis suggests the stock is currently undervalued, with additional metrics and insights available through the platform’s comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
The information in this article is based on a press release issued by Toll Brothers.
In other recent news, Toll Brothers has announced a $500 million public offering of 5.600% Senior Notes due in 2035, with proceeds aimed at general corporate purposes, including debt repayment. S&P Global Ratings has upgraded Toll Brothers’ credit rating to ’BBB’ from ’BBB-’, reflecting the company’s solid credit metrics and improved debt leverage. Despite a slower housing market, S&P forecasts a 3.5% revenue increase to $11.2 billion in 2025, although EBITDA is expected to decline by about 7%. JPMorgan has adjusted its financial outlook for Toll Brothers, reducing the stock price target to $139 while maintaining a Neutral rating, citing higher-than-expected home closings but softer demand. Keefe, Bruyette & Woods also lowered their price target for Toll Brothers to $120, maintaining a Market Perform rating due to lower-than-anticipated orders and market unpredictability. Meanwhile, RBC Capital Markets continues to rate Toll Brothers as Outperform, with a $133 price target, praising the company’s resilience and strong gross margins amid challenging market conditions. These developments highlight the varied analyst perspectives and market challenges Toll Brothers faces in the current economic climate.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.