Green Brick Partners (NASDAQ:GRBK - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Wedbush in a research report issued to clients and investors on Friday,RTT News reports. They currently have a $70.00 price target on the financial services provider's stock. Wedbush's target price points to a potential upside of 17.15% from the stock's current price.
Separately, JMP Securities reaffirmed a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.
Read Our Latest Stock Report on GRBK
Shares of GRBK stock traded down $1.45 during mid-day trading on Friday, hitting $59.75. 743,330 shares of the company's stock were exchanged, compared to its average volume of 311,132. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 7.76 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners has a fifty-two week low of $50.67 and a fifty-two week high of $84.66. The stock has a 50-day simple moving average of $58.65 and a two-hundred day simple moving average of $68.85.
Several large investors have recently made changes to their positions in GRBK. Creative Planning increased its stake in Green Brick Partners by 49.4% during the third quarter. Creative Planning now owns 7,798 shares of the financial services provider's stock worth $651,000 after acquiring an additional 2,577 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Green Brick Partners by 47.6% during the 3rd quarter. Raymond James & Associates now owns 48,965 shares of the financial services provider's stock worth $4,090,000 after purchasing an additional 15,780 shares during the period. Louisiana State Employees Retirement System increased its position in Green Brick Partners by 16.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the financial services provider's stock worth $1,236,000 after purchasing an additional 2,100 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Green Brick Partners by 18.6% in the third quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 2,744 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Green Brick Partners by 30.7% in the third quarter. New York State Teachers Retirement System now owns 12,381 shares of the financial services provider's stock valued at $1,034,000 after buying an additional 2,905 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Green Brick Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Green Brick Partners wasn't on the list.
While Green Brick Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.