Green Brick Partners (NASDAQ:GRBK) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Shares of Green Brick Partners fell below its 200‑day moving average ($68.80), trading as low as $62.03 and last at $63.94 on volume of about 160,518 shares.
• Analyst sentiment is muted: BTIG initiated coverage with a neutral rating, and the stock carries an average consensus of Hold with a $62.00 price target.
• Fundamentals show a $2.76B market cap and a low P/E of 8.30; the company reported an EPS beat ($1.78 vs. $1.67) despite revenue declining 2.6% YoY and about 78% institutional ownership.

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $68.80 and traded as low as $62.03. Green Brick Partners shares last traded at $63.9380, with a volume of 160,518 shares trading hands.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of Green Brick Partners in a research report on Monday, December 1st. They set a "neutral" rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.00.

Green Brick Partners Trading Up 1.1%

The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.30 and a beta of 1.99. The business has a 50 day simple moving average of $71.56 and a 200-day simple moving average of $68.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 EPS. On average, analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently bought and sold shares of GRBK. Osterweis Capital Management Inc. bought a new position in shares of Green Brick Partners during the 2nd quarter valued at about $31,000. Parkside Financial Bank & Trust grew its stake in shares of Green Brick Partners by 1,228.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider's stock worth $34,000 after purchasing an additional 430 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Green Brick Partners by 467.3% in the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Green Brick Partners by 195.5% in the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider's stock worth $44,000 after purchasing an additional 391 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Green Brick Partners during the second quarter valued at approximately $53,000. 78.24% of the stock is currently owned by institutional investors.

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.

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