Analysts at Zacks Research started coverage on shares of Green Brick Partners (NASDAQ:GRBK – Get Free Report) in a research report issued to clients and investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the financial services provider’s stock.
Green Brick Partners Stock Down 0.8%
Shares of Green Brick Partners stock opened at $62.44 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock has a market capitalization of $2.69 billion, a PE ratio of 8.11 and a beta of 1.76. Green Brick Partners has a 52-week low of $59.12 and a 52-week high of $83.18. The company has a 50-day simple moving average of $66.95 and a two-hundred day simple moving average of $69.65.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.08). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the prior year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts anticipate that Green Brick Partners will post 8.34 EPS for the current fiscal year.
Institutional Trading of Green Brick Partners
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRBK. BlackRock Inc. bought a new position in shares of Green Brick Partners in the second quarter worth about $389,594,000. Dimensional Fund Advisors LP grew its stake in shares of Green Brick Partners by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock valued at $113,529,000 after acquiring an additional 104,774 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Green Brick Partners by 1.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 649,688 shares of the financial services provider’s stock valued at $42,951,000 after acquiring an additional 6,653 shares during the period. Punch & Associates Investment Management Inc. purchased a new stake in Green Brick Partners in the 2nd quarter worth approximately $30,446,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Green Brick Partners in the 2nd quarter worth approximately $27,857,000. 78.24% of the stock is owned by hedge funds and other institutional investors.
Green Brick Partners Company Profile
Green Brick Partners, Inc is a residential homebuilder and land development company that acquires and develops residential lots and builds homes for a range of buyers. Its operations include planning and developing master-planned communities, constructing single-family homes and townhomes, and providing related services through affiliated businesses.
The company operates primarily in the Dallas-Fort Worth and Atlanta metropolitan areas, as well as Florida’s Treasure Coast. Green Brick markets homes through several regional brands, including Southgate Homes, Normandy Homes, Trophy Signature Homes, CB JENI Homes and Centre Living Homes.
Further Reading
- Five stocks we like better than Green Brick Partners
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
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.
