Green Brick Partners (NASDAQ:GRBK) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $66.71 and traded as high as $70.00. Green Brick Partners shares last traded at $69.4680, with a volume of 208,111 shares traded.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.00.

Green Brick Partners Price Performance

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 stock’s fifty day simple moving average is $66.71 and its 200-day simple moving average is $68.12. The company has a market capitalization of $3.00 billion, a P/E ratio of 9.02 and a beta of 1.81.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the business earned $1.67 earnings per share. Green Brick Partners’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Green Brick Partners by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock valued at $137,599,000 after buying an additional 22,423 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Green Brick Partners by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock valued at $113,529,000 after buying an additional 104,774 shares during the period. State Street Corp lifted its stake in shares of Green Brick Partners by 3.0% in the fourth quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock valued at $94,569,000 after buying an additional 43,954 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Green Brick Partners by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock valued at $36,351,000 after buying an additional 2,390 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Green Brick Partners by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock valued at $30,448,000 after buying an additional 30,244 shares during the period. Institutional investors own 78.24% of the company’s stock.

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.