Wedbush Research Analysts Raise Earnings Estimates for GRBK

Green Brick Partners, Inc. (NASDAQ:GRBK) – Stock analysts at Wedbush lifted their Q4 2024 earnings per share (EPS) estimates for shares of Green Brick Partners in a research report issued to clients and investors on Friday, November 1st. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $2.24 per share for the quarter, up from their previous forecast of $2.19. Wedbush has a “Neutral” rating and a $60.00 price objective on the stock. The consensus estimate for Green Brick Partners’ current full-year earnings is $8.35 per share. Wedbush also issued estimates for Green Brick Partners’ Q1 2025 earnings at $1.60 EPS, Q3 2025 earnings at $2.18 EPS, FY2025 earnings at $8.53 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $2.09 EPS, Q3 2026 earnings at $2.30 EPS and FY2026 earnings at $9.19 EPS.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The business had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS.

Separately, B. Riley boosted their target price on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Green Brick Partners Stock Down 0.7 %

GRBK opened at $68.51 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.87. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.90 and a beta of 1.83. The business has a 50-day moving average of $78.37 and a two-hundred day moving average of $66.97. Green Brick Partners has a 12 month low of $42.10 and a 12 month high of $84.66.

Institutional Trading of Green Brick Partners

A number of institutional investors have recently modified their holdings of GRBK. Vanguard Group Inc. boosted its holdings in Green Brick Partners by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after acquiring an additional 307,304 shares during the period. Annex Advisory Services LLC purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $10,687,000. Assenagon Asset Management S.A. boosted its holdings in Green Brick Partners by 206.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after acquiring an additional 164,840 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Green Brick Partners by 114.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after acquiring an additional 115,318 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Green Brick Partners by 195.3% in the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after acquiring an additional 110,680 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.