Green Brick Partners (NASDAQ:GRBK) Sets New 12-Month High – What’s Next?

Green Brick Partners, Inc. (NASDAQ:GRBK) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.21 and last traded at $78.49, with a volume of 61997 shares. The stock had previously closed at $74.77.

Analyst Ratings Changes

Separately, BTIG Research initiated coverage on Green Brick Partners in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Green Brick Partners has a consensus rating of “Hold” and an average target price of $66.00.

Green Brick Partners Stock Performance

The company has a 50 day simple moving average of $68.05 and a 200-day simple moving average of $68.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a market cap of $3.38 billion, a P/E ratio of 10.09 and a beta of 1.99.

Institutional Trading of Green Brick Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Green Brick Partners by 451,033.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 464,667 shares of the financial services provider’s stock valued at $29,116,000 after buying an additional 464,564 shares during the last quarter. Boston Partners purchased a new position in shares of Green Brick Partners in the third quarter valued at about $13,883,000. Norges Bank bought a new position in shares of Green Brick Partners during the fourth quarter valued at about $5,352,000. Allianz Asset Management GmbH boosted its holdings in shares of Green Brick Partners by 171.7% during the second quarter. Allianz Asset Management GmbH now owns 131,310 shares of the financial services provider’s stock worth $8,257,000 after purchasing an additional 82,981 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Green Brick Partners by 959.2% in the third quarter. Millennium Management LLC now owns 70,286 shares of the financial services provider’s stock worth $5,191,000 after purchasing an additional 63,650 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 (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.