Shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $58.64, but opened at $57.44. Green Brick Partners shares last traded at $57.13, with a volume of 98,839 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.
Read Our Latest Stock Report on GRBK
Green Brick Partners Trading Down 3.3 %
The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.52 billion, a P/E ratio of 7.36 and a beta of 1.80. The business has a 50-day moving average price of $71.97 and a two-hundred day moving average price of $70.20.
Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.
Institutional Investors Weigh In On Green Brick Partners
A number of hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of Green Brick Partners during the third quarter worth $29,000. Blue Trust Inc. bought a new position in Green Brick Partners in the second quarter valued at about $48,000. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 305 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Green Brick Partners by 1,000.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider's stock worth $126,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Green Brick Partners in the third quarter valued at approximately $209,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.
About Green Brick Partners
(
Get Free Report)
Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.
See Also
Before you consider Green Brick Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Green Brick Partners wasn't on the list.
While Green Brick Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
