Green Brick Partners (NASDAQ:GRBK) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Green Brick Partners (NASDAQ:GRBK) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $9.57.

NASDAQ:GRBK opened at $9.73 on Tuesday. The stock has a 50-day simple moving average of $8.88. The stock has a market cap of $483.45 million, a P/E ratio of 7.17 and a beta of 1.48. Green Brick Partners has a 1-year low of $6.65 and a 1-year high of $10.70.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. The firm had revenue of $168.63 million for the quarter, compared to the consensus estimate of $157.51 million. Green Brick Partners had a net margin of 8.05% and a return on equity of 14.21%. On average, analysts predict that Green Brick Partners will post 1.05 earnings per share for the current fiscal year.

In other news, Director Harry Brandler acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $8.97 per share, with a total value of $44,850.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Farris acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $57,750.00. Following the completion of the transaction, the director now directly owns 106,470 shares in the company, valued at approximately $878,377.50. The disclosure for this purchase can be found here. Corporate insiders own 52.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. grew its position in Green Brick Partners by 1.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,759,627 shares of the financial services provider’s stock valued at $15,397,000 after purchasing an additional 17,857 shares during the last quarter. New Amsterdam Partners LLC NY purchased a new stake in Green Brick Partners during the 1st quarter valued at about $117,000. Diamond Hill Capital Management Inc. grew its position in Green Brick Partners by 28.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,097,494 shares of the financial services provider’s stock valued at $9,603,000 after purchasing an additional 241,013 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Green Brick Partners by 529.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,134 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 4,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Green Brick Partners by 14.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock valued at $9,545,000 after purchasing an additional 167,526 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors.

About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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Analyst Recommendations for Green Brick Partners (NASDAQ:GRBK)

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