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

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analysts Set New Price Targets

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

Green Brick Partners Price Performance

The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 9.02 and a beta of 1.81. The company’s 50-day moving average is $66.71 and its 200-day moving average is $68.12.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) 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%. Green Brick Partners’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Institutional Trading of Green Brick Partners

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Green Brick Partners by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock worth $137,599,000 after buying an additional 22,423 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Green Brick Partners by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock worth $113,529,000 after buying an additional 104,774 shares in the last quarter. State Street Corp increased its holdings in shares of Green Brick Partners by 3.0% during the fourth quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after buying an additional 43,954 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Green Brick Partners by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after buying an additional 2,390 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 30,244 shares in the last quarter. Institutional investors and hedge funds 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.