Green Brick Partners (NASDAQ:GRBK) Announces Quarterly Earnings Results

Green Brick Partners (NASDAQ:GRBK) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11, Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the previous year, the business posted $2.31 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year.

Green Brick Partners Price Performance

GRBK stock traded down $3.54 during mid-day trading on Friday, hitting $74.16. The stock had a trading volume of 80,014 shares, compared to its average volume of 213,937. The firm has a fifty day simple moving average of $71.23 and a 200 day simple moving average of $69.18. The firm has a market capitalization of $3.23 billion, a P/E ratio of 9.66 and a beta of 1.99. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners has a 52 week low of $50.57 and a 52 week high of $80.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in Green Brick Partners during the second quarter worth $31,000. Parkside Financial Bank & Trust lifted its position in shares of Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after buying an additional 354 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in Green Brick Partners in the fourth quarter valued at about $69,000. US Bancorp DE grew its position in Green Brick Partners by 586.9% in the third quarter. US Bancorp DE now owns 1,786 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,526 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Green Brick Partners by 382.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,105 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 2,462 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of Green Brick Partners in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

About Green Brick Partners

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.