Green Brick Partners' (GRBK) Neutral Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of Green Brick Partners (NASDAQ:GRBK - Free Report) in a report published on Thursday morning, Benzinga reports. They currently have a $49.00 target price on the financial services provider's stock.

A number of other analysts have also recently commented on the company. StockNews.com cut Green Brick Partners from a buy rating to a hold rating in a research report on Sunday, March 17th. B. Riley upped their price objective on Green Brick Partners from $55.00 to $59.00 and gave the company a neutral rating in a research report on Monday, March 4th.

Green Brick Partners Stock Up 0.1 %

Shares of GRBK stock traded up $0.06 during mid-day trading on Thursday, hitting $55.11. The company's stock had a trading volume of 513,221 shares, compared to its average volume of 333,864. Green Brick Partners has a 52-week low of $36.80 and a 52-week high of $61.62. The business has a 50-day moving average price of $55.87 and a 200 day moving average price of $51.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 8.97 and a beta of 1.73.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.31. The company had revenue of $447.34 million during the quarter, compared to analysts' expectations of $440.44 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. Green Brick Partners's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. Research analysts predict that Green Brick Partners will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling at Green Brick Partners

In related news, Director Richard S. Press purchased 1,000 shares of the business's stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $51.84 per share, with a total value of $51,840.00. Following the completion of the acquisition, the director now owns 88,063 shares of the company's stock, valued at approximately $4,565,185.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Green Brick Partners

A number of hedge funds have recently made changes to their positions in the business. Jennison Associates LLC boosted its stake in shares of Green Brick Partners by 2.2% in the third quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider's stock worth $742,000 after acquiring an additional 381 shares during the period. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 37.4% in the first quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider's stock worth $95,000 after acquiring an additional 429 shares during the period. Byrne Asset Management LLC boosted its stake in shares of Green Brick Partners by 40.4% in the first quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider's stock worth $96,000 after acquiring an additional 460 shares during the period. Shariaportfolio Inc. boosted its stake in shares of Green Brick Partners by 9.4% in the first quarter. Shariaportfolio Inc. now owns 11,420 shares of the financial services provider's stock worth $688,000 after acquiring an additional 985 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Green Brick Partners by 5,000.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider's stock worth $53,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc NYSE: GRBK, the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.