GRBK Stock Summary and Trading Ideas (Green Brick Partners | NYSE:GRBK)

Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of the company's revenue is generated from the builder operations central segment which is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.

Green Brick Partners trades on the NYSE stock market under the symbol GRBK.

As of May 16, 2024, GRBK stock price declined to $57.47 with 443,046 million shares trading.

GRBK has a beta of 2.21, meaning it tends to be more sensitive to market movements. GRBK has a correlation of 0.48 to the broad based SPY ETF.

GRBK has a market cap of $2.58 billion. This is considered a Mid Cap stock.

Last quarter Green Brick Partners reported $447 million in Revenue and $1.82 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.31.

In the last 3 years, GRBK stock traded as high as $61.62 and as low as $16.80.

The top ETF exchange traded funds that GRBK belongs to (by Net Assets): IJR, CALF, VTI, IWM, AVUV.

GRBK has underperformed the market in the last year with a price return of +14.1% while the SPY ETF gained +29.6%. GRBK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.0% and +4.4%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

GRBK support price is $56.74 and resistance is $59.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRBK stock will trade within this expected range on the day.