Green Brick Partners (NASDAQ:GRBK) Hits New 1-Year High – Here’s What Happened

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $81.77 and last traded at $80.1110, with a volume of 371673 shares trading hands. The stock had previously closed at $74.55.

Wall Street Analyst Weigh In

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

Green Brick Partners Trading Up 7.5%

The company’s 50-day moving average is $68.75 and its 200 day moving average is $68.83. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.46 billion, a PE ratio of 10.40 and a beta of 1.81.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 posted $1.67 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in Green Brick Partners by 7.4% in the 1st quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 683 shares in the last quarter. AQR Capital Management LLC boosted its position in Green Brick Partners by 91.5% during the 1st quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 9,597 shares during the period. Goldman Sachs Group Inc. grew its stake in Green Brick Partners by 13.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $15,757,000 after acquiring an additional 31,547 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Green Brick Partners by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock valued at $3,825,000 after purchasing an additional 4,763 shares during the period. Finally, CW Advisors LLC acquired a new position in shares of Green Brick Partners in the 2nd quarter valued at about $223,000. Hedge funds and other 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.