Green Brick Partners (NASDAQ:GRBK) Earns Market Perform Rating from JMP Securities

Green Brick Partners (NASDAQ:GRBK)‘s stock had its “market perform” rating reaffirmed by research analysts at JMP Securities in a research note issued on Tuesday,Benzinga reports.

Separately, Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $71.47 on Tuesday. The stock’s 50-day moving average is $75.47 and its 200-day moving average is $69.37. Green Brick Partners has a 1-year low of $48.14 and a 1-year high of $84.66. 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 stock has a market cap of $3.18 billion, a P/E ratio of 9.28 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (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 analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 earnings per share. Equities research analysts anticipate that Green Brick Partners will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

Large investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of Green Brick Partners during the 3rd quarter valued at $29,000. Blue Trust Inc. bought a new stake in Green Brick Partners in the second quarter worth about $48,000. nVerses Capital LLC lifted its stake in Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 305 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Green Brick Partners in the 3rd quarter worth about $209,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

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.