Green Brick Partners (NASDAQ:GRBK) Reaches New 52-Week High at $81.62

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $81.62 and last traded at $81.32, with a volume of 17344 shares. The stock had previously closed at $79.68.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GRBK shares. Wedbush reiterated a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley upped their price target on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Trading Up 2.4 %

The company’s 50-day moving average is $72.18 and its 200-day moving average is $61.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 12.09 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. The company had revenue of $560.63 million for the quarter, compared to analyst estimates of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. Green Brick Partners’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 earnings per share. On average, research analysts predict that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners 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 sale, the director now owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 44.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in Green Brick Partners by 4.0% during the fourth quarter. Swiss National Bank now owns 62,600 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 2,400 shares during the period. Charles Schwab Investment Management Inc. raised its position in Green Brick Partners by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,490 shares of the financial services provider’s stock worth $11,141,000 after purchasing an additional 9,556 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Green Brick Partners during the 4th quarter valued at approximately $866,000. Corient Private Wealth LLC acquired a new position in Green Brick Partners in the fourth quarter valued at $1,095,000. Finally, Quest Partners LLC acquired a new position in shares of Green Brick Partners in the 4th quarter valued at about $478,000. 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.