Stocks of Green Brick Partners Inc. (NYSE:GRBK) traded higher last session on Wall Street, up 0.50% to $24.23.
According to the data, Green Brick Partners Inc. (NYSE:GRBK) has 5 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $26.50 and a low of $23.00, we find $23.00. Given the previous closing price of $24.11, this indicates a potential downside of -4.6 percent. GRBK stock price is now 4.07% away from the 50-day moving average and 6.05% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
A total of 5 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $24.17 as their price target over the next twelve months.
With the price target enhanced from $19.50 to $26.50, JP Morgan Upgraded its rating from Underweight to Neutral for Green Brick Partners Inc. (NYSE: GRBK)., while ‘Wedbush’ rates the stock as ‘Neutral’.
Insiders disposed of 203,265 shares of company stock worth roughly $4.93 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GRBK stock. A new stake in Green Brick Partners Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $4,256,000. PRINCIPAL FINANCIAL GROUP INC invested $4,065,000 in shares of GRBK during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Green Brick Partners Inc. valued at approximately $3,821,000. PRUDENTIAL FINANCIAL INC acquired a new stake in GRBK for approximately $2,033,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in GRBK valued at around $1,871,000 in the second quarter. In total, there are 246 active investors with 90.90% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $23.77 for Green Brick Partners Inc. (NYSE: GRBK). During the past 12 months, Green Brick Partners Inc. has had a low of $16.80 and a high of $30.86. The fifty day moving average price for GRBK is $23.36 and a two-hundred day moving average price translates $22.86 for the stock.
The latest earnings results from Green Brick Partners Inc. (NYSE: GRBK) was released for Jun, 2022. According to the Residential Construction Company, earnings per share came in at $2.08, beating analysts’ expectations of $1.24 by 0.84. This compares to $1.00 EPS in the same period last year. The net profit margin was 16.70% and return on equity was 33.50% for GRBK. The company reported revenue of $407.94 million for the quarter, compared to $342.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.16 percent. For the current quarter, analysts expect GRBK to generate $391.44M in revenue.
Green Brick Partners Inc.(GRBK) Company Profile
Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities. As of December 31,2021, the company owns or controls approximately 28,600 home sites in Dallas-Forth Worth, Atlanta metropolitan areas, and the Treasure Coast, Florida market. The company sells its homes through sales representatives and independent realtors. Green Brick Partners, Inc. was incorporated in 2006 and is headquartered in Plano, Texas.