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Green Brick Partners, Inc. (GRBK) operates as a homebuilding and land development company in the United States.
It operates in three segments: Builder operations Central, Builder operations Southeast, and Land development.
The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
It owns or controls approximately 9,000 home sites in Dallas, Atlanta, and Vero Beach.
On October 9th, Green Brick reported 3rd Quarter September 2020 earnings of $0.68 per share on revenue of $275.8 million. The consensus earnings estimate was $0.48 per share on revenue of $225.5 million. Revenue grew 31.7% on a year-over-year basis.
The company sells its homes through sales representatives and independent real estate brokers. Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $23.00
Trading Range: $5.66 - $25.05
Stop Loss: $21.50
Target Price: $25.30
closed at $20
Closed at $20
Closed at $20
Closed at $20
Update on this pick.
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Closed at $20.20
