B. Riley Comments on Green Brick Partners, Inc.’s Q2 2024 Earnings (NASDAQ:GRBK)

Green Brick Partners, Inc. (NASDAQ:GRBK) – Equities researchers at B. Riley boosted their Q2 2024 earnings estimates for shares of Green Brick Partners in a report issued on Friday, May 3rd. B. Riley analyst A. Rygiel now forecasts that the financial services provider will earn $1.81 per share for the quarter, up from their prior forecast of $1.65. B. Riley has a “Neutral” rating and a $62.00 price objective on the stock. The consensus estimate for Green Brick Partners’ current full-year earnings is $6.77 per share. B. Riley also issued estimates for Green Brick Partners’ Q3 2024 earnings at $1.85 EPS and Q4 2024 earnings at $1.86 EPS.

A number of other research firms also recently commented on GRBK. StockNews.com downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Wedbush reissued a “neutral” rating and issued a $49.00 target price on shares of Green Brick Partners in a report on Thursday, May 2nd.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $56.18 on Monday. Green Brick Partners has a 12 month low of $37.31 and a 12 month high of $61.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.16. The firm has a market capitalization of $2.52 billion, a PE ratio of 8.53 and a beta of 1.73. The business’s fifty day moving average price is $55.80 and its 200 day moving average price is $51.78.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.51 by $0.31. The firm had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. Green Brick Partners’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS.

Insider Buying and Selling at Green Brick Partners

In related news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chief financial officer now directly owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard S. Press purchased 1,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $52.41 per share, for a total transaction of $52,410.00. Following the acquisition, the director now directly owns 87,063 shares of the company’s stock, valued at approximately $4,562,971.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chief financial officer now directly owns 52,116 shares in the company, valued at approximately $2,958,625.32. The disclosure for this sale can be found here. 44.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Green Brick Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Green Brick Partners by 5,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,000 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $60,000. Byrne Asset Management LLC increased its stake in shares of Green Brick Partners by 40.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 460 shares in the last quarter. Rocky Mountain Advisers LLC raised its position in shares of Green Brick Partners by 377.5% during the 1st quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new stake in Green Brick Partners in the 4th quarter valued at approximately $123,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.