On August 19, 2024, Richard Costello, Chief Financial Officer of Green Brick Partners Inc (NYSE:GRBK), sold 15,000 shares of the company’s stock at a price of $72.75 per share. This transaction was documented in a recent SEC filing. Following this sale, the insider now owns 37,116 shares of Green Brick Partners Inc.
Green Brick Partners Inc. is engaged in the construction and development of residential real estate. The company’s business activities include the acquisition and development of land, the granting of usage rights, the planning, construction, marketing and sale of various residential projects in the major markets of the USA.
Over the past year, Richard Costello has sold a total of 55,000 shares and has not purchased any shares of the company. Green Brick Partners Inc’s insider transaction history shows a trend with 3 insider purchases and 7 insider sales over the past year.
Green Brick Partners Inc. shares traded at $72.75 on the day of the sale, giving the company a market capitalization of $3.244 billion. The stock’s price-to-earnings ratio is 10.00, below the industry median of 12.28.
According to GF Value, the estimated intrinsic value of Green Brick Partners Inc. is $46.28 per share, making the stock significantly overvalued with a price-to-value ratio of 1.57.
The GF value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book value ratio and price-free cash flow and adjusted by a GuruFocus factor that takes into account past earnings and growth as well as Morningstar analysts’ estimates of future business development.
This sale by the CFO follows a pattern of insider selling at Green Brick Partners Inc. that investors might consider in the context of the company’s current stock valuation and market performance.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
