Q4 EPS Estimates for Green Brick Partners Lifted by Wedbush

Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) - Wedbush raised their Q4 2024 EPS estimates for shares of Green Brick Partners in a note issued to investors on Friday, November 1st. Wedbush analyst J. Mccanless now forecasts that the financial services provider will post earnings per share of $2.24 for the quarter, up from their previous forecast of $2.19. Wedbush has a "Neutral" rating and a $60.00 price target on the stock. The consensus estimate for Green Brick Partners' current full-year earnings is $8.35 per share. Wedbush also issued estimates for Green Brick Partners' Q1 2025 earnings at $1.60 EPS, Q3 2025 earnings at $2.18 EPS, FY2025 earnings at $8.53 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $2.09 EPS, Q3 2026 earnings at $2.30 EPS and FY2026 earnings at $9.19 EPS.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. During the same period in the prior year, the business earned $1.56 earnings per share. The firm's revenue for the quarter was up 25.0% on a year-over-year basis.

Separately, B. Riley boosted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd.

Green Brick Partners Trading Up 2.3 %

Shares of GRBK traded up $1.58 during mid-day trading on Monday, reaching $70.09. 478,421 shares of the company were exchanged, compared to its average volume of 393,891. The business has a 50 day simple moving average of $78.37 and a two-hundred day simple moving average of $67.07. Green Brick Partners has a 52 week low of $43.00 and a 52 week high of $84.66. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.10 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 7.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GRBK. Los Angeles Capital Management LLC increased its holdings in Green Brick Partners by 23.4% in the third quarter. Los Angeles Capital Management LLC now owns 36,487 shares of the financial services provider's stock worth $3,047,000 after purchasing an additional 6,929 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners during the 3rd quarter worth approximately $29,000. Principal Financial Group Inc. increased its stake in shares of Green Brick Partners by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after acquiring an additional 21,012 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Green Brick Partners in the 3rd quarter valued at $501,000. Finally, Amalgamated Bank lifted its position in shares of Green Brick Partners by 14.8% during the 3rd quarter. Amalgamated Bank now owns 9,061 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 1,169 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

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.