Green Brick Partners (NASDAQ:GRBK - Get Free Report)'s stock had its "neutral" rating restated by analysts at Wedbush in a research report issued to clients and investors on Friday,RTT News reports. They presently have a $70.00 target price on the financial services provider's stock. Wedbush's price target would indicate a potential upside of 17.99% from the stock's previous close.
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.
Check Out Our Latest Stock Report on GRBK
Green Brick Partners Price Performance
GRBK stock traded up $0.72 on Friday, reaching $59.33. The company had a trading volume of 539,846 shares, compared to its average volume of 320,616. The company's fifty day moving average is $58.71 and its 200 day moving average is $68.70. The company has a market cap of $2.64 billion, a P/E ratio of 7.70 and a beta of 1.84. 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 has a 1 year low of $51.12 and a 1 year high of $84.66.
Institutional Trading of Green Brick Partners
Hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in shares of Green Brick Partners during the 3rd quarter worth $1,352,000. Empowered Funds LLC acquired a new position in Green Brick Partners in the third quarter valued at $4,065,000. Principal Financial Group Inc. lifted its position in Green Brick Partners by 15.3% during the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock worth $13,260,000 after buying an additional 21,012 shares during the period. Geode Capital Management LLC boosted its stake in Green Brick Partners by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock worth $59,324,000 after buying an additional 59,098 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Green Brick Partners by 19.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider's stock valued at $30,441,000 after buying an additional 58,935 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.
Green Brick Partners Company Profile
(
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.
Featured Stories
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
