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.

GRBK has been the topic of several other reports. Citigroup set a $11.00 price target on shares of Green Brick Partners and gave the company a buy rating in a report on Thursday, November 8th. Credit Suisse Group lowered their price target on shares of Green Brick Partners from $10.00 to $7.00 and set a neutral rating on the stock in a report on Tuesday, December 18th. JPMorgan Chase & Co. began coverage on shares of Green Brick Partners in a report on Tuesday, December 11th. They set a neutral rating and a $9.00 price target on the stock. Finally, TheStreet cut shares of Green Brick Partners from a b rating to a c+ rating in a report on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Green Brick Partners presently has an average rating of Buy and an average target price of $10.00.

Green Brick Partners stock opened at $8.41 on Friday. Green Brick Partners has a 12 month low of $6.65 and a 12 month high of $12.50. The firm has a market cap of $424.02 million, a PE ratio of 12.19 and a beta of 1.87.

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

In other news, Director Elizabeth Blake bought 15,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of $8.86 per share, with a total value of $132,900.00. Following the transaction, the director now directly owns 138,366 shares in the company, valued at $1,225,922.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 52.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GRBK. Stadium Capital Management LLC raised its position in shares of Green Brick Partners by 59.5% during the third quarter. Stadium Capital Management LLC now owns 756,825 shares of the financial services provider’s stock valued at $7,644,000 after buying an additional 282,457 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Green Brick Partners during the second quarter valued at about $2,762,000. Putnam Investments LLC acquired a new position in shares of Green Brick Partners during the second quarter valued at about $2,404,000. Morgan Stanley raised its position in shares of Green Brick Partners by 285.7% during 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 during the last quarter. Finally, Vanguard Group Inc raised its position in shares of 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 valued at $11,649,000 after buying an additional 158,863 shares during the last quarter. 77.02% of the stock is owned by institutional investors and hedge funds.

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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