Separately, JPMorgan Chase & Co lowered its price target on Green Brick Partners from $21.00 to $17.50 and assigned a “underweight” rating to the company in a research report on Tuesday, July 12. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.83.
Green Brick Partners price performance
Shares of NASDAQ GRBK traded down $1.82 during mid-day trading on Friday, reaching $27.50. 38,591 shares of the traded stock were traded, compared to an average trading volume of 1,248,445. The company has a debt-to-equity ratio of 0.38, a trading ratio of 6.03 and a quick ratio of 0.60. Green Brick Partners has a 12-month low of $16.80 and a twelve-month high of $32.25. The company has a market capitalization of $1.33 billion, a PE ratio of 5.03 and a beta of 1.60. The company has a 50-day simple moving average of $22.54 and a 200-day simple moving average of $22.00.
Green Brick Partners (NASDAQ:GRBK – Get Rating) released its latest quarterly earnings data on Wednesday, August 3rd. The financial services provider reported earnings of $2.08 per share for the quarter, exceeding the agreed estimate of $1.23 by $0.85. Green Brick Partners had a return on equity of 32.99% and a net margin of 16.04%. During the same quarter in the previous year, the company reported $1.02 earnings per share. As a group, equity research analysts expect Green Brick Partners to report 4.93 earnings per share for the current fiscal year.
Institutional inflows and outflows
Hedge funds recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $32,000. Lazard Asset Management LLC acquired a new stake in shares of Green Brick Partners in the first quarter valued at approximately $51,000. Point72 Hong Kong Ltd acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $52,000. Covestor Ltd increased its stake in Green Brick Partners by 1,175.2% in the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,656 shares during the period. Finally, CWM LLC acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $74,000. 83.70% of the shares are owned by investment institutions.
Green Break Partners Company Profile
Green Brick Partners, Inc. operates as a home builder and land development company in the United States. It operates through the Builder Central Operations, Builder Operations Southeast, and Land Development segments. The company is involved in land acquisition and development, entitlements, design, construction, property and mortgage services, marketing and sale of homes, yard homes, single family homes, luxury homes in residential neighborhoods, and master planned communities.
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