Green Brick Partners (NASDAQ:GRBK) Upgraded to Hold by BidaskClub

Green Brick Partners (NASDAQ:GRBK) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

A number of other equities analysts also recently commented on GRBK. Zacks Investment Research upgraded Green Brick Partners from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upgraded Green Brick Partners from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $7.00 in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $10.33.

Shares of Green Brick Partners stock opened at $8.40 on Friday. Green Brick Partners has a one year low of $5.66 and a one year high of $13.08. The company has a market cap of $332.21 million, a price-to-earnings ratio of 7.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.19 and a current ratio of 3.24. The business’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.82.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Tuesday, March 3rd. The financial services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Green Brick Partners had a return on equity of 11.52% and a net margin of 7.41%. The firm had revenue of $230.12 million for the quarter, compared to the consensus estimate of $198.00 million. On average, analysts predict that Green Brick Partners will post 1.58 EPS for the current fiscal year.

In related news, Director John R. Farris acquired 10,000 shares of Green Brick Partners stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $8.04 per share, for a total transaction of $80,400.00. Following the completion of the transaction, the director now owns 120,470 shares in the company, valued at approximately $968,578.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry Brandler acquired 3,000 shares of Green Brick Partners stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $8.59 per share, for a total transaction of $25,770.00. Following the transaction, the director now owns 9,900 shares of the company’s stock, valued at approximately $85,041. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,400 shares of company stock worth $134,018. 52.40% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. raised its position in Green Brick Partners by 1.3% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,803,231 shares of the financial services provider’s stock valued at $20,701,000 after purchasing an additional 22,520 shares during the period. Diamond Hill Capital Management Inc. raised its position in Green Brick Partners by 2.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 981,881 shares of the financial services provider’s stock valued at $11,272,000 after purchasing an additional 20,285 shares during the period. Russell Investments Group Ltd. raised its position in Green Brick Partners by 153.5% in the fourth quarter. Russell Investments Group Ltd. now owns 663,338 shares of the financial services provider’s stock valued at $7,615,000 after purchasing an additional 401,697 shares during the period. State Street Corp raised its position in Green Brick Partners by 5.6% in the fourth quarter. State Street Corp now owns 439,008 shares of the financial services provider’s stock valued at $5,040,000 after purchasing an additional 23,287 shares during the period. Finally, Geode Capital Management LLC raised its position in Green Brick Partners by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 336,830 shares of the financial services provider’s stock valued at $3,866,000 after purchasing an additional 17,317 shares during the period. Hedge funds and other institutional investors own 82.86% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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