Green Brick Partners, Inc. (NASDAQ:GRBK – Get Free Report) Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total value of $57,800,000.00. Following the transaction, the director now owns 1,302,690 shares in the company, valued at approximately $75,295,482. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Green Brick Partners Price Performance
GRBK stock opened at $69.04 on Thursday. The business has a fifty day moving average of $56.87 and a two-hundred day moving average of $55.19. The company has a quick ratio of 1.16, a current ratio of 8.70 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 10.48 and a beta of 1.80. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $70.79.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.31. The company had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 7.46 earnings per share for the current year.
Institutional Investors Weigh In On Green Brick Partners
Analysts Set New Price Targets
A number of equities analysts recently commented on GRBK shares. B. Riley lifted their price objective on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wedbush reissued a “neutral” rating and set a $49.00 target price on shares of Green Brick Partners in a research note on Thursday, May 2nd.
View Our Latest Research Report on Green Brick Partners
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.
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