Green Brick Partners (NASDAQ:GRBK) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Green Brick Partners (NASDAQ:GRBK) posted its earnings results on Wednesday. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11, Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS.

Green Brick Partners Stock Down 5.1%

Shares of Green Brick Partners stock traded down $3.99 during trading hours on Wednesday, reaching $74.25. 333,754 shares of the company were exchanged, compared to its average volume of 214,399. The firm has a market cap of $3.23 billion, a PE ratio of 9.64 and a beta of 1.99. 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 $50.57 and a 1 year high of $80.97. The stock’s fifty day moving average is $70.98 and its 200 day moving average is $69.12.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on Green Brick Partners in a research note on Monday, December 1st. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.00.

Institutional Investors Weigh In On Green Brick Partners

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Green Brick Partners by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,656,806 shares of the financial services provider’s stock worth $103,817,000 after purchasing an additional 80,517 shares in the last quarter. State Street Corp boosted its position in shares of Green Brick Partners by 3.0% during the 4th quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after acquiring an additional 43,954 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Green Brick Partners by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after acquiring an additional 2,390 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Green Brick Partners by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock valued at $30,448,000 after acquiring an additional 30,244 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Green Brick Partners by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,347 shares of the financial services provider’s stock worth $28,407,000 after acquiring an additional 8,813 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

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.