Green Brick Partners (NASDAQ:GRBK) Stock Rating Upgraded by BidaskClub

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

Separately, Zacks Investment Research upgraded Green Brick Partners from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $9.57.

NASDAQ GRBK opened at $9.49 on Wednesday. The company has a current ratio of 8.93, a quick ratio of 0.11 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $9.34 and its two-hundred day moving average is $9.05. Green Brick Partners has a 12-month low of $6.65 and a 12-month high of $10.70. The stock has a market capitalization of $479.72 million, a price-to-earnings ratio of 6.93 and a beta of 1.59.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Green Brick Partners had a return on equity of 12.60% and a net margin of 7.66%. The company had revenue of $183.51 million for the quarter, compared to analysts’ expectations of $165.00 million. Equities analysts forecast that Green Brick Partners will post 1.03 earnings per share for the current fiscal year.

In other news, Director John R. Farris purchased 7,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average price of $8.25 per share, for a total transaction of $57,750.00. Following the acquisition, the director now directly owns 106,470 shares in the company, valued at approximately $878,377.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 52.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. grew its holdings in shares of Green Brick Partners by 1.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,759,627 shares of the financial services provider’s stock worth $15,397,000 after acquiring an additional 17,857 shares during the period. BlackRock Inc. grew its holdings in shares of Green Brick Partners by 8.8% in the 2nd quarter. BlackRock Inc. now owns 1,600,725 shares of the financial services provider’s stock worth $13,302,000 after acquiring an additional 129,445 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Green Brick Partners by 14.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock worth $9,545,000 after acquiring an additional 167,526 shares during the period. Vanguard Group Inc. grew its holdings in shares of Green Brick Partners by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,204,138 shares of the financial services provider’s stock worth $10,006,000 after acquiring an additional 45,698 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of Green Brick Partners by 28.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,097,494 shares of the financial services provider’s stock worth $9,603,000 after acquiring an additional 241,013 shares during the period. Institutional investors and hedge funds own 82.13% of the company’s stock.

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.

Featured Story: What are retained earnings?

Analyst Recommendations for Green Brick Partners (NASDAQ:GRBK)

Receive News & Ratings for Green Brick Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit