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

Green Brick Partners, Inc. (NASDAQ:GRBK) shares hit a new 52-week high during trading 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.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated 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 currently has an average rating of “Hold” and a consensus target price of $62.00.

Green Brick Partners Trading Up 7.5%

The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 10.40 and a beta of 1.81. 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 business has a 50-day moving average of $68.75 and a 200-day moving average of $68.83.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results 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 return on equity of 25.35% and a net margin of 17.70%.During the same period last year, the company posted $1.67 EPS. The business’s revenue was down 5.9% on a year-over-year basis. As a group, research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

Several large investors have recently made changes to their positions in the company. Optiver Holding B.V. raised its position in Green Brick Partners by 106,900.0% during the first quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,069 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in Green Brick Partners by 68.3% in the first quarter. Segall Bryant & Hamill LLC now owns 18,685 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 7,582 shares during the last quarter. Argent Capital Management LLC grew its position in Green Brick Partners by 45.4% in the first quarter. Argent Capital Management LLC now owns 37,404 shares of the financial services provider’s stock worth $2,411,000 after acquiring an additional 11,672 shares in the last quarter. Bank of America Corp DE grew its position in Green Brick Partners by 5.9% in the first quarter. Bank of America Corp DE now owns 159,039 shares of the financial services provider’s stock worth $10,250,000 after acquiring an additional 8,927 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Green Brick Partners by 2.1% during the 1st quarter. Empowered Funds LLC now owns 63,522 shares of the financial services provider’s stock worth $4,094,000 after purchasing an additional 1,335 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

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.