Green Brick Partners, Inc. (NASDAQ:GRBK)’s traded shares stood at 595,756 during the last session, with the company’s beta value hitting 1.29. At the close of trading, the stock’s price was $24.13, to imply an increase of 5.28% or $1.21 in intraday trading. The GRBK share’s 52-week high remains $28.03, putting it -16.16% down since that peak but still an impressive +55.78% since price per share fell to its 52-week low of $10.67. The company has a valuation of $1.22 Billion, with an average of 347.53 Million shares in intraday trading volume over the past 10 days and average of 1.06 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Overweight for Green Brick Partners, Inc. (GRBK), translating to a mean rating of 2.2. Of 4 analyst(s) looking at the stock, none analyst(s) give GRBK a Sell rating. None of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.85.
After registering a 5.28% upside in the last session, Green Brick Partners, Inc. (GRBK) has traded green over the past five days. The stock hit a weekly high of $24.19 this Friday, Jun 04, jumping 0.25% in its intraday price action. The 5-day price performance for the stock is 4.46%, and -12.29% over 30 days. With these gigs, the year-to-date price performance is 5.1%. Short interest in Green Brick Partners, Inc. (NASDAQ:GRBK) saw shorts transact 2.53 Million shares and set a 2.39 days time to cover.
Analysts on Wall Street suggest a consensus price target of $32, implying an increase of 32.62% to the stock’s current value. The extremes give us $30 and $35 for target low and target high price respectively. As such, GRBK has been trading 45.05% off suggested target high and 24.33% from its likely low.
Green Brick Partners, Inc. (GRBK) estimates and forecasts
Looking at statistics comparing Green Brick Partners, Inc. share performance against respective industry, we note that the company has outperformed competitors. Green Brick Partners, Inc. (GRBK) shares are +12.39% up over the last 6 months, with its year-to-date growth rate higher than industry average at 48.21% against 26.1%. But the analysts are intensifying their growth estimates for the 2021 fiscal year. Revenue is forecast to grow 28.8% this quarter before jumping 42.6% for the next one. The rating firms project that company’s revenue will grow 47.5% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $334.66 Million. Meanwhile, for the quarter ending September 01, 2021, a total of 3 analyst(s) estimate revenue growth to $389.17 Million. Earnings reports from the last fiscal year show that sales brought in $226.78 Million and $262.32 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 47.6% before jumping 48.4% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 42.4% for the past 5-year period. While 2021 is set for a 93.2% return in earnings, projections for the next 5 years are at 1.72% annually.
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Green Brick Partners, Inc. (NASDAQ:GRBK)’s Major holders
Green Brick Partners, Inc. insiders hold 4.64% of total outstanding shares, with institutional holders owning 77.58% of the shares at 81.35% float percentage. In total, 221 institutions holds shares in the company, led by Greenlight Capital, Inc. As of Dec 30, 2020, the company held over 24.12 Million shares (or 47.54% of shares), all amounting to roughly $553.76 Million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.12 Million shares, or about 6.15% of shares outstanding. As of the market price on Dec 30, 2020, these shares were worth $71.64 Million.
We also have iShares Russell 2000 ETF and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Green Brick Partners, Inc. (GRBK) shares. Going by data provided on Mar 30, 2021, iShares Russell 2000 ETF holds roughly 724,950 shares. This is just over 1.43% of the total shares, with a market valuation of $16.44 Million. Data from the same date shows that the other fund manager holds a little less at 679.78 Thousand, or 1.34% of the shares, all valued at about $15.61 Million.