Green Brick Partners (NASDAQ:GRBK) Given Neutral Rating at Wedbush

Green Brick Partners (NASDAQ:GRBK)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a report released on Thursday, Benzinga reports. They currently have a $49.00 target price on the financial services provider’s stock. Wedbush’s price objective indicates a potential downside of 13.49% from the company’s previous close.

Several other research analysts also recently issued reports on GRBK. StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. B. Riley lifted their target price on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th.

Green Brick Partners Price Performance

Green Brick Partners stock traded up $1.61 during mid-day trading on Thursday, reaching $56.64. The company had a trading volume of 530,272 shares, compared to its average volume of 326,537. The stock’s 50-day simple moving average is $55.84 and its 200-day simple moving average is $51.37. Green Brick Partners has a 1 year low of $37.31 and a 1 year high of $61.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.44. The company has a market capitalization of $2.54 billion, a P/E ratio of 8.59 and a beta of 1.73.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.31. The firm had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. Green Brick Partners’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. On average, equities analysts predict that Green Brick Partners will post 6.77 EPS for the current year.

Insider Transactions at Green Brick Partners

In related news, Director Richard S. Press acquired 1,000 shares of Green Brick Partners stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the director now directly owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 44.40% of the company’s stock.

Hedge Funds Weigh In On Green Brick Partners

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Green Brick Partners by 5,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,000 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Green Brick Partners in the fourth quarter valued at $60,000. Byrne Asset Management LLC increased its stake in Green Brick Partners by 40.4% in the first quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 460 shares during the last quarter. Rocky Mountain Advisers LLC increased its stake in Green Brick Partners by 377.5% in the first quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in Green Brick Partners during the fourth quarter worth about $123,000. Institutional investors and hedge funds 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.