Green Brick Partners (NASDAQ:GRBK) Sets New 52-Week High at $83.43

Green Brick Partners, Inc. (NASDAQ:GRBK) hit a new 52-week high on Friday . The company traded as high as $83.43 and last traded at $83.29, with a volume of 93308 shares. The stock had previously closed at $80.54.

Wall Street Analysts Forecast Growth

GRBK has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley boosted their target price on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Trading Up 2.5 %

The company has a market cap of $3.71 billion, a P/E ratio of 12.64 and a beta of 1.80. The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $74.91 and its 200-day moving average price is $63.01.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.55. The firm had revenue of $560.63 million for the quarter, compared to analysts’ expectations of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Insider Transactions at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total value of $57,800,000.00. Following the completion of the transaction, the director now owns 1,302,690 shares in the company, valued at approximately $75,295,482. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 44.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Green Brick Partners

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. bought a new stake in Green Brick Partners during the second quarter valued at about $48,000. GAMMA Investing LLC increased its position in Green Brick Partners by 37.4% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 429 shares during the last quarter. Rocky Mountain Advisers LLC lifted 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 worth $115,000 after purchasing an additional 1,510 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Green Brick Partners during the 1st quarter worth approximately $233,000. Institutional investors 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.