Green Brick Partners (NASDAQ:GRBK) Now Covered by Analysts at Zacks Research

Key Points

• Zacks Research initiated coverage of Green Brick Partners with a “hold” rating.
• Green Brick reported quarterly EPS of $1.35, missing the $1.43 consensus estimate, while revenue fell 10.2% year over year.
• Institutional investors own 78.24% of the company, with several firms—including Bank of America and Legal & General—recently establishing or increasing positions.

Analysts at Zacks Research initiated coverage on shares of Green Brick Partners (NASDAQ:GRBK - Get Free Report) in a note issued to investors on Wednesday, Zacks reports. The brokerage set a "hold" rating on the financial services provider's stock.

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $62.44 on Wednesday. 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's 50 day moving average price is $66.95 and its two-hundred day moving average price is $69.65. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 8.11 and a beta of 1.76. Green Brick Partners has a 12-month low of $59.12 and a 12-month high of $83.18.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.08). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same quarter in the prior year, the firm earned $1.77 EPS. Green Brick Partners's revenue was down 10.2% compared to the same quarter last year. On average, analysts anticipate that Green Brick Partners will post 8.34 earnings per share for the current year.

Institutional Trading of Green Brick Partners

Several institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in Green Brick Partners in the first quarter valued at about $870,000. Bank of America Corp DE acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $12,923,000. Legal & General Group Plc bought a new position in Green Brick Partners in the 2nd quarter valued at approximately $5,454,000. Odyssean LLC boosted its position in Green Brick Partners by 93.2% during the 2nd quarter. Odyssean LLC now owns 41,180 shares of the financial services provider's stock worth $3,296,000 after buying an additional 19,869 shares during the period. Finally, Empowered Funds LLC acquired a new position in Green Brick Partners during the 2nd quarter worth about $2,924,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company that acquires and develops residential lots and builds homes for a range of buyers. Its operations include planning and developing master-planned communities, constructing single-family homes and townhomes, and providing related services through affiliated businesses.

The company operates primarily in the Dallas-Fort Worth and Atlanta metropolitan areas, as well as Florida's Treasure Coast. Green Brick markets homes through several regional brands, including Southgate Homes, Normandy Homes, Trophy Signature Homes, CB JENI Homes and Centre Living Homes.

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