Green Brick Partners (NASDAQ:GRBK) PT Raised to $62.00

Green Brick Partners (NASDAQ:GRBK) had its price objective lifted by B. Riley from $59.00 to $62.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock. B. Riley also issued estimates for Green Brick Partners’ Q2 2024 earnings at $1.81 EPS, Q3 2024 earnings at $1.85 EPS and Q4 2024 earnings at $1.86 EPS.

GRBK has been the topic of a number of other reports. Wedbush restated a neutral rating and issued a $49.00 price target on shares of Green Brick Partners in a report on Thursday, May 2nd. StockNews.com cut shares of Green Brick Partners from a buy rating to a hold rating in a report on Sunday, March 17th.

Green Brick Partners Trading Down 0.4 %

Shares of GRBK stock opened at $56.41 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $55.82 and its two-hundred day simple moving average is $51.65. Green Brick Partners has a 1 year low of $37.31 and a 1 year high of $61.62. The company has a market cap of $2.53 billion, a PE ratio of 8.56 and a beta of 1.73.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $440.44 million. During the same quarter in the previous year, the business earned $1.37 EPS. Green Brick Partners’s revenue was down 1.0% compared to the same quarter last year. Research analysts predict that Green Brick Partners will post 6.77 earnings per share for the current year.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chief financial officer now directly owns 52,116 shares in the company, valued at approximately $2,958,625.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the acquisition, the director now directly owns 88,063 shares in the company, valued at $4,565,185.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chief financial officer now owns 52,116 shares in the company, valued at $2,958,625.32. The disclosure for this sale can be found here. Company insiders own 44.40% of the company’s stock.

Institutional Trading of Green Brick Partners

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Green Brick Partners by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock valued at $124,855,000 after buying an additional 237,463 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Green Brick Partners by 76.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after buying an additional 543,450 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Green Brick Partners by 1.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 737,138 shares of the financial services provider’s stock valued at $44,398,000 after buying an additional 12,035 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Green Brick Partners by 30.7% in the 3rd quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock valued at $17,553,000 after buying an additional 99,240 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Green Brick Partners by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,490 shares of the financial services provider’s stock valued at $11,141,000 after buying an additional 9,556 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

About Green Brick Partners

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.