Green Brick Partners (NASDAQ:GRBK) Hits New 52-Week High at $60.26

Green Brick Partners, Inc. (NASDAQ:GRBK)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $60.26 and last traded at $60.20, with a volume of 6407 shares changing hands. The stock had previously closed at $59.77.

Wall Street Analyst Weigh In

Several equities analysts have commented on GRBK shares. StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Wedbush reiterated a “neutral” rating and issued a $45.00 target price on shares of Green Brick Partners in a report on Friday, March 1st. Finally, B. Riley upped their target price on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, March 4th.

Green Brick Partners Stock Up 1.2 %

The business has a 50 day moving average of $54.19 and a two-hundred day moving average of $48.78. The stock has a market capitalization of $2.72 billion, a PE ratio of 9.54 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). The business had revenue of $450.38 million for the quarter, compared to analysts’ expectations of $478.10 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 EPS. Analysts predict that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Insider Activity

In other news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $52.41 per share, for a total transaction of $52,410.00. Following the completion of the transaction, the director now directly owns 87,063 shares in the company, valued at approximately $4,562,971.83. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 44.40% of the company’s stock.

Hedge Funds Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently made changes to their positions in GRBK. BlackRock Inc. lifted its position in Green Brick Partners by 68.5% during the third quarter. BlackRock Inc. now owns 4,521,930 shares of the financial services provider’s stock worth $96,679,000 after buying an additional 1,838,102 shares in the last quarter. Vanguard Group Inc. lifted its position in Green Brick Partners by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock worth $124,855,000 after buying an additional 237,463 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Green Brick Partners by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,648,597 shares of the financial services provider’s stock worth $32,578,000 after buying an additional 9,235 shares in the last quarter. Orchard Capital Management LLC acquired a new stake in Green Brick Partners during the first quarter worth $13,056,000. Finally, Pacer Advisors Inc. increased its stake in Green Brick Partners by 76.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock worth $65,103,000 after acquiring an additional 543,450 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.