GRBK has been in the news 409% more than usual
Aug 03, 2024, 12:33 PM
9.76%
What does GRBK do
Green Brick Partners, Inc., based in Plano, Texas, specializes in residential land development and homebuilding with operations segmented into Central and Southeast Builder operations, and Land development. The company, employing 550 people, went public in 2007 and manages all aspects of homebuilding from land acquisition to sales, including owning five subsidiary homebuilders in Texas.
GRBK has been in the news recently: Green Brick Partners reported a 23% increase in revenue to $560.6 million and a 41% rise in net income to $105.4 million for Q2 2024, surpassing forecasts. The company's stock rose 33% over the past month, with analysts now predicting 2024 revenues to reach $2.09 billion.
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