Green Brick Partners (NASDAQ:GRBK) Shares Gap Down – Should You Sell?

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $76.61, but opened at $72.03. Green Brick Partners shares last traded at $72.39, with a volume of 69,967 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GRBK shares. B. Riley raised their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wedbush reissued a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Performance

The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $78.70 and its two-hundred day moving average price is $66.70. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.56 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. The business had revenue of $560.63 million during the quarter, compared to analysts’ expectations of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

Hedge Funds Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Green Brick Partners by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock valued at $124,855,000 after purchasing an additional 237,463 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Green Brick Partners in the first quarter worth about $233,000. Shariaportfolio Inc. boosted its position in Green Brick Partners by 9.4% during the first quarter. Shariaportfolio Inc. now owns 11,420 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 985 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Green Brick Partners by 34.1% in the 1st quarter. BNP Paribas Financial Markets now owns 25,193 shares of the financial services provider’s stock valued at $1,517,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Capstone Investment Advisors LLC lifted its stake in Green Brick Partners by 73.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 15,179 shares of the financial services provider’s stock worth $914,000 after purchasing an additional 6,405 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.