Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello Sells 40,000 Shares

Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello sold 40,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chief financial officer now owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Green Brick Partners Trading Down 0.4 %

NASDAQ:GRBK opened at $56.41 on Tuesday. Green Brick Partners, Inc. has a 12-month low of $37.31 and a 12-month high of $61.62. The firm has a market cap of $2.53 billion, a PE ratio of 8.56 and a beta of 1.73. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $55.82 and a 200 day moving average price of $51.65.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The company had revenue of $447.34 million for the quarter, compared to analyst estimates of $440.44 million. During the same quarter last year, the company earned $1.37 EPS. Green Brick Partners’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GRBK has been the topic of several research reports. B. Riley increased their target price on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday. Wedbush reissued a “neutral” rating and set a $49.00 price target on shares of Green Brick Partners in a research report on Thursday, May 2nd. Finally, StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRBK. Raymond James & Associates lifted its position in shares of Green Brick Partners by 13.3% during the 3rd quarter. Raymond James & Associates now owns 15,425 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 1,816 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Green Brick Partners by 81.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,972 shares of the financial services provider’s stock worth $538,000 after buying an additional 5,815 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Green Brick Partners by 305.0% during the 3rd quarter. Inspire Investing LLC now owns 22,424 shares of the financial services provider’s stock worth $931,000 after acquiring an additional 16,887 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Green Brick Partners by 1,554.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,877 shares of the financial services provider’s stock valued at $1,614,000 after acquiring an additional 36,527 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Green Brick Partners by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 381 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.