Green Brick Partners, Inc. (NASDAQ:GRBK) – Investment analysts at B. Riley reduced their Q3 2021 earnings per share estimates for shares of Green Brick Partners in a research note issued on Tuesday, October 12th. B. Riley analyst A. Rygiel now anticipates that the financial services provider will post earnings per share of $1.03 for the quarter, down from their previous estimate of $1.09. B. Riley has a “Buy” rating and a $34.00 price objective on the stock. B. Riley also issued estimates for Green Brick Partners’ Q4 2021 earnings at $1.06 EPS, FY2021 earnings at $3.63 EPS and FY2022 earnings at $3.96 EPS.
GRBK has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded Green Brick Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $32.00 to $28.00 in a research report on Thursday. Zacks Investment Research downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JMP Securities reaffirmed a “buy” rating on shares of Green Brick Partners in a research report on Monday, August 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Green Brick Partners presently has an average rating of “Hold” and an average target price of $29.00.
Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Monday, August 2nd. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.17. Green Brick Partners had a return on equity of 21.27% and a net margin of 12.51%. The company had revenue of $373.81 million during the quarter, compared to analysts’ expectations of $332.39 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Green Brick Partners by 26.3% during the 1st quarter. BlackRock Inc. now owns 3,941,344 shares of the financial services provider’s stock valued at $89,390,000 after purchasing an additional 821,247 shares during the last quarter. State Street Corp lifted its holdings in Green Brick Partners by 54.3% during the 2nd quarter. State Street Corp now owns 1,570,699 shares of the financial services provider’s stock valued at $35,718,000 after purchasing an additional 552,938 shares during the last quarter. Hillcrest Asset Management LLC acquired a new stake in Green Brick Partners during the 2nd quarter valued at $10,825,000. Millennium Management LLC acquired a new stake in Green Brick Partners during the 1st quarter valued at $10,221,000. Finally, Ameriprise Financial Inc. lifted its holdings in Green Brick Partners by 1,573.1% during the 1st quarter. Ameriprise Financial Inc. now owns 338,011 shares of the financial services provider’s stock valued at $7,666,000 after purchasing an additional 317,808 shares during the last quarter. 82.20% of the stock is owned by institutional investors.
In related news, Director Kathleen Olsen acquired 9,700 shares of the business’s stock in a transaction dated Friday, August 6th. The stock was bought at an average price of $25.47 per share, with a total value of $247,059.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 39.60% of the company’s stock.
About Green Brick Partners
Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.
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