Green Brick Partners (NASDAQ:GRBK) Shares Gap Up - Should You Buy?

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $57.84, but opened at $63.72. Green Brick Partners shares last traded at $64.13, with a volume of 57,316 shares changing hands.

Wall Street Analysts Forecast Growth

GRBK has been the subject of a number of research analyst reports. JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. Wedbush reissued a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a report on Friday.

Green Brick Partners Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 7.61 and a beta of 1.84. The firm has a fifty day moving average of $58.69 and a 200 day moving average of $68.78.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Green Brick Partners by 5.8% during the third quarter. State Street Corp now owns 1,737,812 shares of the financial services provider's stock worth $145,142,000 after acquiring an additional 94,834 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock valued at $59,324,000 after purchasing an additional 59,098 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Green Brick Partners by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock valued at $31,932,000 after purchasing an additional 36,239 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Green Brick Partners by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after buying an additional 33,152 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Green Brick Partners by 6.1% during the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock worth $19,526,000 after buying an additional 19,752 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

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About Green Brick Partners

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.