Green Brick Partners Inc (NASDAQ:GRBK) Receives Consensus Rating of “Buy” from Brokerages

Green Brick Partners Inc (NASDAQ:GRBK) has been assigned an average rating of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.57.

A number of research firms recently weighed in on GRBK. BidaskClub upgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, August 16th.

Shares of NASDAQ:GRBK traded down $0.34 during mid-day trading on Friday, reaching $9.45. The company had a trading volume of 43,274 shares, compared to its average volume of 58,591. The company has a current ratio of 8.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The firm has a market cap of $495.40 million, a price-to-earnings ratio of 8.10 and a beta of 1.59. The company’s 50-day moving average price is $9.49 and its 200-day moving average price is $9.08. Green Brick Partners has a one year low of $6.65 and a one year high of $10.45.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. Green Brick Partners had a net margin of 7.66% and a return on equity of 12.60%. The business had revenue of $183.51 million during the quarter, compared to analyst estimates of $165.00 million. On average, research analysts anticipate that Green Brick Partners will post 1.03 EPS for the current fiscal year.

In related news, Director John R. Farris bought 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was bought 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 owns 106,470 shares of the company’s stock, valued at $878,377.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 52.40% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Swiss National Bank grew its position in Green Brick Partners by 5.4% in the second quarter. Swiss National Bank now owns 47,200 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 2,400 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Green Brick Partners by 529.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,134 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 4,318 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Green Brick Partners by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 201,396 shares of the financial services provider’s stock worth $1,674,000 after purchasing an additional 4,445 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Green Brick Partners in the second quarter worth $47,000. Finally, Acadian Asset Management LLC bought a new stake in Green Brick Partners in the second quarter worth $60,000. Institutional investors own 83.13% of the company’s stock.

Green Brick Partners Company Profile

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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