Green Brick Partners (NASDAQ:GRBK) Given “Neutral” Rating at Wedbush

Green Brick Partners (NASDAQ:GRBK)‘s stock had its “neutral” rating restated by equities researchers at Wedbush in a report issued on Monday, RTT News reports. They presently have a $60.00 target price on the financial services provider’s stock, up from their previous target price of $53.00. Wedbush’s price objective indicates a potential downside of 13.28% from the company’s current price.

Separately, B. Riley increased their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday.

Green Brick Partners Stock Down 3.6 %

Shares of NASDAQ:GRBK traded down $2.60 during trading on Monday, hitting $69.19. The company’s stock had a trading volume of 553,069 shares, compared to its average volume of 408,316. The business has a 50 day moving average price of $60.83 and a two-hundred day moving average price of $57.09. The company has a market capitalization of $3.08 billion, a PE ratio of 10.50 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 8.28. Green Brick Partners has a fifty-two week low of $37.31 and a fifty-two week high of $78.39.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The firm had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company’s revenue was up 22.9% compared to the same quarter last year. As a group, research analysts expect that Green Brick Partners will post 7.46 EPS for the current fiscal year.

Insider Activity

In other news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction 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 completion of the sale, the director now owns 1,302,690 shares of the company’s stock, valued at $75,295,482. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 44.40% of the company’s stock.

Institutional Investors Weigh In On Green Brick Partners

A number of institutional investors have recently added to or reduced their stakes in GRBK. Blue Trust Inc. acquired a new position in shares of Green Brick Partners during the second quarter worth about $48,000. Nisa Investment Advisors LLC lifted its stake in shares of Green Brick Partners by 5,000.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,000 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Green Brick Partners during the fourth quarter worth about $60,000. Byrne Asset Management LLC lifted its stake in shares of 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 acquiring an additional 460 shares in the last quarter. Finally, Rocky Mountain Advisers LLC lifted its stake in shares of 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 worth $115,000 after acquiring an additional 1,510 shares in 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.