Green Brick Partners (NASDAQ:GRBK) has a difference of up to $72.92

VaselineAugust 25, 2024

0 3 minutes read

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK – Get Free Report ) were lower before the market opened on Thursday. The stock had previously closed at $72.92 but opened at $74.96. Green Brick Partners stock last traded at $74.96 with a volume of 3,573 shares.

Analysts set new price targets

A number of research firms have commented on GRBK. Wedbush restated a “neutral” rating and set a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley boosted their price target on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

Get the latest research report on Green Brick Partners

Green Brick Partner Trading Up 6.1%

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The company has a fifty day simple moving average of $65.71 and a two hundred day simple moving average of $59.06. The stock has a market cap of $3.59 billion, a P/E ratio of 12.12 and a beta of 1.80. The company has a quick ratio of 1.16, a current ratio of 8.28, and a debt-to-equity ratio of 0.22.

Green Brick Partners (NASDAQ:GRBK – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $1.77 by $0.55. The firm had revenue of $560.63 million for the quarter, compared to the consensus estimate of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company’s quarterly revenue was up 22.9% year over year. During the same period last year, the company posted EPS of $1.63. On average, sell-side analysts expect that Green Brick Partners, Inc. to post 7.46 earnings per share for the current year.

Insiders place their bets

In other news, Director David Einhorn sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the completion of the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at $75,295,482. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Corporate insiders own 44.40% of the company’s shares.

Institutional inputs and outputs

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $48,000. GAMMA Investing LLC bought a new stake in Green Brick Partners in the fourth quarter valued at approximately $60,000. Byrne Asset Management LLC boosted its position in Green Brick Partners by 40.4% in the first quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 460 shares during the last quarter. Rocky Mountain Advisers LLC raised its stake in Green Brick Partners by 377.5% in the first quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,510 shares during the last quarter. Finally, nVerses Capital LLC grew its position in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after bought an additional 2,000 shares in the last quarter. Institutional investors own 78.24% of the company’s shares.

Green Brick Partners Company Profile

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Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company with operations in Texas, Georgia and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes and a 90% interest in Center Living Homes), as well as a controlling interest in an Atlanta homebuilder , Georgia (The Providence). Group) and an 80% interest in a homebuilder in Port St.