Wedbush Weighs in on Green Brick Partners, Inc.’s FY2024 Earnings (NASDAQ:GRBK)

Green Brick Partners, Inc. (NASDAQ:GRBK) – Investment analysts at Wedbush lifted their FY2024 EPS estimates for Green Brick Partners in a research note issued to investors on Monday, August 5th. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $8.45 per share for the year, up from their previous estimate of $7.57. Wedbush currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Green Brick Partners’ current full-year earnings is $7.46 per share. Wedbush also issued estimates for Green Brick Partners’ Q1 2025 earnings at $1.71 EPS, Q3 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.47 EPS, FY2025 earnings at $8.54 EPS, Q1 2026 earnings at $1.76 EPS and Q2 2026 earnings at $2.40 EPS.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. During the same quarter in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year.

Separately, B. Riley lifted their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded up $0.74 during midday trading on Thursday, reaching $68.74. 382,924 shares of the company traded hands, compared to its average volume of 406,267. Green Brick Partners has a 52 week low of $37.31 and a 52 week high of $78.39. The stock has a 50-day moving average price of $62.26 and a 200 day moving average price of $57.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 1.16. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 10.43 and a beta of 1.80.

Insiders Place Their Bets

In other Green Brick Partners news, Director David Einhorn sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $57.80, for a total value of $57,800,000.00. Following the sale, the director now directly owns 1,302,690 shares in the company, valued at $75,295,482. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 44.40% of the stock is owned by company insiders.

Institutional Trading of Green Brick Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in Green Brick Partners during the 2nd quarter worth about $48,000. Nisa Investment Advisors LLC raised its holdings in Green Brick Partners by 5,000.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,000 shares during the period. GAMMA Investing LLC acquired a new stake in Green Brick Partners during the 4th quarter worth about $60,000. Byrne Asset Management LLC grew its stake in 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 valued at $96,000 after acquiring an additional 460 shares in the last quarter. Finally, Rocky Mountain Advisers LLC grew its stake in 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 valued at $115,000 after acquiring an additional 1,510 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

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.