Shares of luxury home builder Toll Brothers (TOL) - Get Report was up 2.4% to $31.29 after reporting strong quarterly results that beat revenue expectations for yet another consecutive quarter.

On CNBC's "Cramer's Mad Dash" segment TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio, Cramer said Toll Brothers was a bright spot amid an industry that has not performed well.

"Toll reported today and I liked what they said," Cramer said.

He noted that when you back out the all the charges, you had earnings of $1.05 compared with 99 cents, the home builder bought back 8% of its stock this fiscal year, the numbers for growth look "very, very good," and the backlog is up 14%, pointing to an increase of orders.

His point is that the home building sector has been "horrendous," other than builder KB Home (KBH) - Get Report . He attributed KB's stock performance to speculation it is a takeover target. 

In regard to Toll, Cramer said, "If this one lasts, there is a lot of pin action off of it."

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.