Analysts Set $11.00 Price Target for Green Brick Partners Inc (GRBK)

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Green Brick Partners Inc (NASDAQ:GRBK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus target price of $11.00 for the company, according to Zacks. Zacks has also given Green Brick Partners an industry rank of 121 out of 255 based on the ratings given to related companies.

GRBK has been the topic of several recent analyst reports. Citigroup raised Green Brick Partners from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $12.00 in a report on Thursday. BidaskClub upgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th.

NASDAQ:GRBK traded up $0.20 during midday trading on Tuesday, hitting $10.45. 301,427 shares of the stock were exchanged, compared to its average volume of 236,043. Green Brick Partners has a one year low of $8.90 and a one year high of $12.50. The stock has a market cap of $519.88 million, a price-to-earnings ratio of 8.54 and a beta of 1.46.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Monday, August 6th. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.14. Green Brick Partners had a return on equity of 13.67% and a net margin of 5.09%. The firm had revenue of $155.01 million for the quarter.

In other Green Brick Partners news, CFO Richard Arthur Costello purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The shares were purchased at an average price of $9.40 per share, for a total transaction of $56,400.00. Following the completion of the transaction, the chief financial officer now owns 37,514 shares in the company, valued at approximately $352,631.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John R. Farris sold 14,200 shares of Green Brick Partners stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $10.89, for a total transaction of $154,638.00. Following the completion of the transaction, the director now owns 73,787 shares in the company, valued at approximately $803,540.43. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 60,900 shares of company stock worth $577,111. 52.00% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY purchased a new position in Green Brick Partners during the 4th quarter worth approximately $105,000. Elgethun Capital Management acquired a new stake in shares of Green Brick Partners during the 2nd quarter valued at $107,000. Shikiar Asset Management Inc. acquired a new stake in shares of Green Brick Partners during the 2nd quarter valued at $120,000. MetLife Investment Advisors LLC acquired a new stake in shares of Green Brick Partners during the 4th quarter valued at $152,000. Finally, Swiss National Bank boosted its stake in shares of Green Brick Partners by 42.9% during the 2nd quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock valued at $382,000 after buying an additional 11,700 shares during the period. Hedge funds and other institutional investors own 81.67% 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, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

Further Reading: What is a Leveraged Buyout (LBO)?

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