Green Brick Partners (NASDAQ:GRBK) Hits New 1-Year High at $83.43

Green Brick Partners, Inc. (NASDAQ:GRBK) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $83.43 and last traded at $83.29, with a volume of 93308 shares. The stock had previously closed at $80.54.

Analyst Ratings Changes

GRBK has been the topic of a number of recent analyst reports. B. Riley increased their price objective on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Trading Up 3.1 %

The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.73 billion, a PE ratio of 12.60 and a beta of 1.80. The business’s 50-day moving average is $75.14 and its two-hundred day moving average is $63.29.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.55. The business had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. On average, analysts anticipate that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $57.80, for a total value of $57,800,000.00. Following the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Green Brick Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after acquiring an additional 307,304 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Green Brick Partners by 368.0% during the first quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 15,852 shares during the period. Corient Private Wealth LLC purchased a new position in Green Brick Partners in the 4th quarter valued at $1,095,000. Security National Bank increased its stake in Green Brick Partners by 273.8% in the 4th quarter. Security National Bank now owns 20,560 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 15,060 shares during the period. Finally, Hennessy Advisors Inc. raised its position in Green Brick Partners by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 138,700 shares of the financial services provider’s stock worth $8,354,000 after buying an additional 42,400 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates 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 Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.