BidaskClub Upgrades Green Brick Partners (GRBK) to Buy

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BidaskClub upgraded shares of Green Brick Partners (NASDAQ:GRBK) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other brokerages have also issued reports on GRBK. Citigroup boosted their price target on Green Brick Partners from $9.00 to $10.50 and gave the company a buy rating in a research note on Friday, March 8th. Zacks Investment Research raised Green Brick Partners from a sell rating to a hold rating in a research note on Thursday, February 21st. JMP Securities reissued a buy rating and issued a $11.50 price target on shares of Green Brick Partners in a research note on Wednesday, March 6th. TheStreet raised Green Brick Partners from a c rating to a b- rating in a research note on Tuesday, March 5th. Finally, BTIG Research assumed coverage on Green Brick Partners in a research note on Wednesday, February 6th. They issued a neutral rating and a $9.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Green Brick Partners presently has a consensus rating of Buy and a consensus price target of $9.57.

Shares of GRBK opened at $8.83 on Tuesday. Green Brick Partners has a 52-week low of $6.65 and a 52-week high of $12.50. The company has a market capitalization of $463.77 million, a price-to-earnings ratio of 6.45 and a beta of 1.69.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Monday, March 4th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.08. Green Brick Partners had a return on equity of 14.98% and a net margin of 8.35%. The firm had revenue of $185.12 million for the quarter, compared to analyst estimates of $147.94 million. Equities research analysts anticipate that Green Brick Partners will post 0.96 EPS for the current year.

In other news, Director Harry Brandler acquired 14,176 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $9.20 per share, for a total transaction of $130,419.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRBK. SCW Capital Management LP bought a new stake in shares of Green Brick Partners during the fourth quarter valued at approximately $8,503,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Green Brick Partners during the fourth quarter valued at approximately $6,201,000. Stadium Capital Management LLC increased its holdings in shares of Green Brick Partners by 59.5% during the third quarter. Stadium Capital Management LLC now owns 756,825 shares of the financial services provider’s stock valued at $7,644,000 after acquiring an additional 282,457 shares in the last quarter. Morgan Stanley increased its holdings in shares of Green Brick Partners by 285.7% during the third quarter. Morgan Stanley now owns 299,293 shares of the financial services provider’s stock valued at $3,023,000 after acquiring an additional 221,686 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Green Brick Partners by 14.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock valued at $9,545,000 after acquiring an additional 167,526 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Green Brick Partners

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.

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