Green Brick Partners (GRBK) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Green Brick Partners (NASDAQ:GRBK) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other research firms have also recently weighed in on GRBK. Citigroup set a $11.00 price target on Green Brick Partners and gave the company a buy rating in a report on Thursday, November 8th. TheStreet cut Green Brick Partners from a b rating to a c+ rating in a report on Wednesday, November 14th. JPMorgan Chase & Co. initiated coverage on Green Brick Partners in a report on Tuesday, December 11th. They set a neutral rating and a $9.00 target price on the stock. Finally, Credit Suisse Group dropped their target price on Green Brick Partners from $10.00 to $7.00 and set a neutral rating on the stock in a report on Tuesday, December 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $10.00.

GRBK opened at $8.41 on Friday. The company has a market cap of $424.02 million, a PE ratio of 12.19 and a beta of 1.87. Green Brick Partners has a twelve month low of $6.65 and a twelve month high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The business had revenue of $149.99 million for the quarter. Green Brick Partners had a net margin of 5.28% and a return on equity of 14.02%. On average, sell-side analysts forecast that Green Brick Partners will post 1.03 EPS for the current year.

In other news, Director Elizabeth Blake bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average price of $8.86 per share, with a total value of $132,900.00. Following the completion of the acquisition, the director now directly owns 138,366 shares in the company, valued at $1,225,922.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.00% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in Green Brick Partners by 16.0% during the third quarter. Vanguard Group Inc now owns 1,153,381 shares of the financial services provider’s stock worth $11,649,000 after purchasing an additional 158,863 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Green Brick Partners in the third quarter valued at $1,174,000. Vanguard Group Inc. increased its holdings in shares of Green Brick Partners by 16.0% in the third quarter. Vanguard Group Inc. now owns 1,153,381 shares of the financial services provider’s stock valued at $11,649,000 after buying an additional 158,863 shares in the last quarter. Morgan Stanley increased its holdings in shares of Green Brick Partners by 285.7% in the third quarter. Morgan Stanley now owns 299,293 shares of the financial services provider’s stock valued at $3,023,000 after buying an additional 221,686 shares in the last quarter. Finally, Putnam Investments LLC increased its holdings in shares of Green Brick Partners by 53.8% in the third quarter. Putnam Investments LLC now owns 377,400 shares of the financial services provider’s stock valued at $3,812,000 after buying an additional 132,096 shares in the last quarter. 77.02% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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