GRBK Stock Recent News

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.

Although the revenue and EPS for Green Brick Partners (GRBK) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Green Brick Partners (GRBK) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $2.08 per share a year ago.

Green Brick Partners' stock is very highly graded stock by Seeking Alpha Quant, and my in-depth analysis suggests it is fair. The company's latest quarterly earnings exceeded consensus estimates, with a 15% YoY revenue growth and adjusted EPS expanding from $1.20 to $1.37. Despite a massive year-to-date rally, Green Brick's valuation remains attractive.

PLANO, Texas, July 12, 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 second quarter ended June 30th, 2023, after the market closes on Wednesday, August 2nd, 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 Thursday, August 3rd, 2023. The call will be webcast on the Company's website Investors.greenbrickpartners.com.

Green Brick Partners is a Texas-based homebuilder and land development company that has seen a 125% increase in 2023, outperforming the homebuilder index. GRBK reported strong Q1 results with record home closings revenue and a high homebuilding gross margin of 27.6%, making it a good buy for investors. Risks include a potential recession and rising mortgage rates, which could impact the housing market and GRBK's performance.