Green Brick Partners Inc. [NASDAQ: GRBK] gained 6.35% on the last trading session, reaching $22.61 price per share at the time. The company report on March 12, 2021 that The Providence Group of Georgia Opens VIP List for New $320 Million Waterside Community in Peachtree Corners, GA.
Green Brick Partners, Inc. Team Builder, The Providence Group to construct for-sale residential units in new Waterside community.
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Green Brick Partners, Inc. (NASDAQ: GRBK) (the “Company”), a national homebuilding and land development firm, announced today that its subsidiary Team Builder, The Providence Group, will be opening its newest master planned neighborhood called Waterside for presales. The community is a joint venture partnership between Atlanta-based active adult land investment group, East Jones Bridge River Holdings, LLC, and The Providence Group. To join the VIP presale interest list, please visit www.theprovidencegroup.com/waterside.
Green Brick Partners Inc. represents 50.62 million in outstanding shares, while the company has a total market value of $1.08 billion with the latest information. GRBK stock price has been found in the range of $21.15 to $22.63.
If compared to the average trading volume of 815.48K shares, GRBK reached a trading volume of 3795572 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Green Brick Partners Inc. [GRBK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRBK shares is $29.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRBK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Green Brick Partners Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 25, 2020. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on October 08, 2020, representing the official price target for Green Brick Partners Inc. stock. Previously, the target price had yet another raise to $16, while JMP Securities analysts kept a Mkt Outperform rating on GRBK stock.
The Average True Range (ATR) for Green Brick Partners Inc. is set at 1.11, with the Price to Sales ratio for GRBK stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.41. Price to Free Cash Flow for GRBK in the course of the last twelve months was 33.45.
Trading performance analysis for GRBK stock
Green Brick Partners Inc. [GRBK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.18. With this latest performance, GRBK shares gained by 15.56% in over the last four-week period, additionally plugging by 44.66% over the last 6 months – not to mention a rise of 169.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRBK stock in for the last two-week period is set at 58.57, with the RSI for the last a single of trading hit 60.69, and the three-weeks RSI is set at 56.56 for Green Brick Partners Inc. [GRBK]. The present Moving Average for the last 50 days of trading for this stock 21.09, while it was recorded at 21.64 for the last single week of trading, and 18.37 for the last 200 days.
Green Brick Partners Inc. [GRBK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Green Brick Partners Inc. [GRBK] shares currently have an operating margin of +12.55 and a Gross Margin at +23.66. Green Brick Partners Inc.’s Net Margin is presently recorded at +11.65.
Return on Total Capital for GRBK is now 14.61, given the latest momentum, and Return on Invested Capital for the company is 13.99. Return on Equity for this stock inclined to 19.54, with Return on Assets sitting at 12.18. When it comes to the capital structure of this company, Green Brick Partners Inc. [GRBK] has a Total Debt to Total Equity ratio set at 34.75. Additionally, GRBK Total Debt to Total Capital is recorded at 25.79, with Total Debt to Total Assets ending up at 22.47. Long-Term Debt to Equity for the company is recorded at 34.56, with the Long-Term Debt to Total Capital now at 25.65.
Reflecting on the efficiency of the workforce at the company, Green Brick Partners Inc. [GRBK] managed to generate an average of $258,393 per employee. Receivables Turnover for the company is 196.30 with a Total Asset Turnover recorded at a value of 1.05.
Green Brick Partners Inc. [GRBK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Green Brick Partners Inc. posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GRBK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Green Brick Partners Inc. go to 1.72%.
An analysis of insider ownership at Green Brick Partners Inc. [GRBK]
There are presently around $956 million, or 85.60% of GRBK stock, in the hands of institutional investors. The top three institutional holders of GRBK stocks are: GREENLIGHT CAPITAL INC with ownership of 24,118,668, which is approximately 0% of the company’s market cap and around 3.80% of the total institutional ownership; BLACKROCK INC., holding 3,120,097 shares of the stock with an approximate value of $70.55 million in GRBK stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $37.11 million in GRBK stock with ownership of nearly 0.514% of the company’s market capitalization.
Positions in Green Brick Partners Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 73 institutional holders increased their position in Green Brick Partners Inc. [NASDAQ:GRBK] by around 2,047,361 shares. Additionally, 63 investors decreased positions by around 2,771,514 shares, while 22 investors held positions by with 37,465,511 shares. The mentioned changes placed institutional holdings at 42,284,386 shares, according to the latest SEC report filing. GRBK stock had 30 new institutional investments in for a total of 824,004 shares, while 16 institutional investors sold positions of 874,354 shares during the same period.