Green Brick Partners (NASDAQ:GRBK) Announces Earnings Results

Green Brick Partners (NASDAQ:GRBK) posted its earnings results on Wednesday. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11, Briefing.com reports. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS.

Green Brick Partners Trading Up 2.9%

Shares of GRBK opened at $76.54 on Thursday. Green Brick Partners has a 1-year low of $50.57 and a 1-year high of $80.97. The company has a market capitalization of $3.33 billion, a P/E ratio of 9.94 and a beta of 1.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $70.98 and its 200 day simple moving average is $69.12.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on Green Brick Partners in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.00.

Institutional Trading of Green Brick Partners

Hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC lifted its stake in Green Brick Partners by 2.1% during the fourth quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 142 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Green Brick Partners by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after buying an additional 354 shares in the last quarter. New York State Common Retirement Fund grew its position in Green Brick Partners by 1.0% during the fourth quarter. New York State Common Retirement Fund now owns 40,620 shares of the financial services provider’s stock valued at $2,545,000 after acquiring an additional 400 shares during the last quarter. California State Teachers Retirement System grew its position in Green Brick Partners by 1.4% during the second quarter. California State Teachers Retirement System now owns 30,734 shares of the financial services provider’s stock valued at $1,933,000 after acquiring an additional 421 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Green Brick Partners during the second quarter worth approximately $31,000. 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.