Green Brick Partners Inc. [NYSE: GRBK] gained 8.80% or 1.91 points to close at $23.62 with a heavy trading volume of 3854024 shares. The company report on July 13, 2022 that Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600.
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S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:.
S&P SmallCap 600 constituent Coca-Cola Consolidated Inc. (NASD: COKE) will replace PS Business Parks Inc. (NYSE: PSB) in the S&P MidCap 400, and Green Brick Partners Inc. (NYSE: GRBK) will replace Coca-Cola Consolidated in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 20. Blackstone Inc. (NYSE: BX) is acquiring PS Business Parks in a deal expected to be completed on or about that date, pending final closing conditions.
It opened the trading session at $23.70, the shares rose to $23.99 and dropped to $23.155, the range by which the price of stock traded the whole day. The daily chart for GRBK points out that the company has recorded -11.60% loss over the past six months. However, it is still -40.6% lower than its most recent low trading price.
If we look at the average trading volume of 522.46K shares, GRBK reached to a volume of 3854024 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 $27.00 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 2.40. 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.
B. Riley Securities have made an estimate for Green Brick Partners Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 16, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $26.50 to $20. The new note on the price target was released on March 10, 2022, representing the official price target for Green Brick Partners Inc. stock. Previously, the target price had yet another raise to $33, while Wedbush analysts kept a 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 0.73. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 1.38.
Trading performance analysis for GRBK stock
Green Brick Partners Inc. [GRBK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.05. With this latest performance, GRBK shares gained by 15.16% in over the last four-week period, additionally sinking by -11.60% over the last 6 months – not to mention a rise of 9.91% 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 68.31, with the RSI for the last a single of trading hit 79.12, and the three-weeks RSI is set at 62.07 for Green Brick Partners Inc. [GRBK]. The present Moving Average for the last 50 days of trading for this stock 21.63, while it was recorded at 21.96 for the last single week of trading, and 23.36 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 +16.24 and a Gross Margin at +25.61. Green Brick Partners Inc.’s Net Margin is presently recorded at +13.56.
Return on Equity for this stock inclined to 25.11, with Return on Assets sitting at 15.76.
Green Brick Partners Inc. [GRBK]: An earnings per share (EPS) analysis
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 $887 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 17,041,811, which is approximately -2.164% of the company’s market cap and around 5.10% of the total institutional ownership; BLACKROCK INC., holding 3,482,811 shares of the stock with an approximate value of $75.61 million in GRBK stocks shares; and VANGUARD GROUP INC, currently with $40.48 million in GRBK stock with ownership of nearly 1.734% of the company’s market capitalization.
Positions in Green Brick Partners Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 72 institutional holders increased their position in Green Brick Partners Inc. [NYSE:GRBK] by around 2,544,751 shares. Additionally, 85 investors decreased positions by around 4,450,071 shares, while 30 investors held positions by with 33,882,891 shares. The mentioned changes placed institutional holdings at 40,877,713 shares, according to the latest SEC report filing. GRBK stock had 20 new institutional investments in for a total of 778,212 shares, while 30 institutional investors sold positions of 1,546,569 shares during the same period.