Green Brick Partners, Inc. (NASDAQ:GRBK – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $81.77 and last traded at $80.1110, with a volume of 371673 shares traded. The stock had previously closed at $74.55.
Analysts Set New Price Targets
Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.00.
Check Out Our Latest Research Report on Green Brick Partners
Green Brick Partners Price Performance
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.
Hedge Funds Weigh In On Green Brick Partners
Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Green Brick Partners by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider’s stock worth $17,157,000 after buying an additional 34,433 shares during the period. HighTower Advisors LLC bought a new position in shares of Green Brick Partners during the 3rd quarter valued at approximately $2,975,000. Kennondale Capital Management LLC grew its stake in shares of Green Brick Partners by 42.5% during the 3rd quarter. Kennondale Capital Management LLC now owns 48,995 shares of the financial services provider’s stock valued at $3,619,000 after acquiring an additional 14,622 shares during the period. Rafferty Asset Management LLC increased its holdings in Green Brick Partners by 87.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 46,027 shares of the financial services provider’s stock worth $3,400,000 after acquiring an additional 21,430 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Green Brick Partners by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock worth $137,599,000 after acquiring an additional 22,423 shares in the last quarter. 78.24% of the stock is owned by institutional investors.
Green Brick Partners Company Profile
Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.
Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.
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