GRBK Stock Recent News

Steve Symington is a long-time contributor to The Motley Fool. Over the years, he's written more than 8,000 articles for the publication.

Green Brick Partners has successfully navigated the home-building and land development industry, consistently outperforming market expectations. The company's growth trajectory showcases resilience, adaptability, and a focus on profitability and customer satisfaction. GRBK's strategic milestones, financial prudence, and distinguished management team position it as a front-runner in the competitive home-building market.

Despite a high interest rate environment, recovery in demand for certain real-estate property types poises Real Estate Development industry players like LGIH, GRBK and LSEA well for growth.

Green Brick Partners, Inc. (NYSE:GRBK ) Q3 2023 Earnings Conference Call November 1, 2023 12:00 PM ET Company Participants Richard Costello - Chief Financial Officer James Brickman - Co-Founder and Chief Executive Officer Jed Dolson - President and Chief Operating Officer Conference Call Participants Jay McCanless - Wedbush Securities Carl Reichardt - BTIG Alexander Rygiel - B. Riley Securities Alex Barron - Housing Research Center Operator Thank you for standing by.

PLANO, Texas, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), one of Fortune Magazine's fastest growing companies in 2022 and its fastest growing public homebuilder, announced that it will release its financial results for the third quarter ended September 30th, 2023, after the market closes on Tuesday, October 31st, 2023. Jim Brickman, Green Brick's CEO, will host an earnings conference call to discuss its results at 12:00 p.m. Eastern Time on Wednesday, November 1st, 2023. The call will be webcast on the Company's website Investors.greenbrickpartners.com.

Green Brick (GRBK), in a new joint project with Century Communities, buys land in Austin, TX, to develop a new community. Construction is expected to begin in early 2025.

Green Brick (GRBK) buys land in Florida's Vero Beach to construct 78 homes, expected to start by 2023-end. It anticipates generating attractive returns and gross margins from the community.

A selling stockholder is vacating its position in the company. The sale price is some distance below the stock's closing price last Friday.

Green Brick Partners has experienced a significant increase in stock pricing, but caution is suggested due to negative factors such as higher mortgage rates and a possible recession. Major investor David Einhorn has sold a portion of his stake in the company, and other large owners including company management have liquidated during the 2023 advance. The massive share price gain off its 2020 pandemic low may need a period of retracement and digestion before another buy wave appears.

Green Brick Partners is a real estate company tied to homebuilding and land improvement in the Dallas-Fort Worth and Atlanta areas. The company has reported strong Q2 2023 key data, including increased home deliveries and orders, a decrease in cancellation rates, and a decrease in construction cycle duration. Despite uncertainties in the real estate market, Green Brick's historically high margins, declining raw material prices, and ability to withstand a recession make it an attractive investment opportunity.