Green Brick Partners (NASDAQ:GRBK) Posts Quarterly Earnings Results

Green Brick Partners (NASDAQ:GRBK) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31, Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS.

Green Brick Partners Price Performance

NASDAQ GRBK traded down $2.19 during mid-day trading on Wednesday, hitting $71.44. The stock had a trading volume of 237,345 shares, compared to its average volume of 230,274. The company has a 50 day simple moving average of $72.59 and a 200 day simple moving average of $70.60. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 9.28 and a beta of 1.79. Green Brick Partners has a 52-week low of $60.44 and a 52-week high of $83.18. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Green Brick Partners

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Green Brick Partners by 7.4% during the 1st quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock worth $579,000 after buying an additional 683 shares during the last quarter. AQR Capital Management LLC grew its stake in Green Brick Partners by 91.5% in the 1st quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 9,597 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Green Brick Partners by 13.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $15,757,000 after acquiring an additional 31,547 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Green Brick Partners by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock valued at $3,825,000 after acquiring an additional 4,763 shares in the last quarter. Finally, CW Advisors LLC acquired a new position in Green Brick Partners during the second quarter worth about $223,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.