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Neal J. Suit, General Counsel and Executive Vice President of Green Brick Partners, Inc. (NASDAQ:NYSE:GRBK), reported a sale of company stock valued at approximately $166,467. According to a recent SEC filing, Suit sold 2,787 shares at a price of $59.73 each on March 3, 2025. Following this transaction, Suit retains direct ownership of 18,974 shares. The $2.67 billion homebuilder currently trades at an attractive P/E ratio of 7.1x and shows strong financial health according to InvestingPro metrics.
Additionally, Suit acquired 7,533 shares of common stock as part of his 2024 annual bonus, which were fully vested upon issuance. The filing also disclosed the acquisition of 2,790 restricted stock units and 5,580 performance-based restricted stock units, which convert into common stock upon vesting. These transactions reflect Suit’s ongoing participation in the company’s long-term incentive programs. With a remarkable 27% return on equity and current undervaluation indicated by InvestingPro analysis, investors can access detailed insights and 8 additional ProTips through the platform’s comprehensive research reports.
In other recent news, Green Brick Partners Inc. reported impressive financial results for Q4 2024, with earnings per share (EPS) reaching $2.31, surpassing the anticipated $2.07. The company achieved a record revenue of $557 million for the quarter, although it fell slightly short of the expected $562.48 million. This performance marks a 24% year-over-year revenue growth, driven by a significant increase in home closings. Green Brick Partners announced plans to expand its Trophy brand into new markets and significantly boost its land development spending by 46% in 2025. The company controls 37,800 lots, marking a 32% increase from the previous year, and is actively expanding in high-growth markets like Austin and Houston. Analysts have noted the company’s robust operational efficiency, reflected in a full-year gross margin of 33.8%. Green Brick Partners also authorized a $100 million share repurchase program, indicating confidence in its financial stability and growth prospects.
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