Green Brick Partners, Inc. Expected to Post FY2024 Earnings of $8.45 Per Share (NASDAQ:GRBK)

Green Brick Partners, Inc. (NASDAQ:GRBK) – Research analysts at Wedbush lifted their FY2024 earnings estimates for shares of 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 per share of $8.45 for the year, up from their prior forecast of $7.57. Wedbush has a “Neutral” rating and a $60.00 price target 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.

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

Green Brick Partners Stock Up 1.1 %

Shares of NASDAQ:GRBK traded up $0.74 during trading hours on Thursday, hitting $68.74. The company’s stock had a trading volume of 382,924 shares, 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 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 capitalization of $3.09 billion, a price-to-earnings ratio of 10.43 and a beta of 1.80. The firm’s fifty day moving average price is $62.26 and its 200 day moving average price is $57.60.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 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 business had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year.

Insider Transactions at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction that occurred on 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 transaction, the director now owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 44.40% of the company’s stock.

Institutional Trading of Green Brick Partners

Several large investors have recently bought and sold shares of GRBK. Blue Trust Inc. purchased a new stake in Green Brick Partners during the 2nd quarter worth approximately $48,000. Nisa Investment Advisors LLC lifted its stake 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 valued at $53,000 after acquiring an additional 1,000 shares during the period. GAMMA Investing LLC acquired a new stake in Green Brick Partners during the 4th quarter valued at approximately $60,000. Byrne Asset Management LLC lifted 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 during the period. Finally, Rocky Mountain Advisers LLC lifted 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 during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

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.