Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 15.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,760 shares of the financial services provider’s stock after buying an additional 21,012 shares during the period. Principal Financial Group Inc. owned about 0.35% of Green Brick Partners worth $13,260,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Lakewood Asset Management LLC increased its stake in shares of Green Brick Partners by 2.2% in the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 160 shares in the last quarter. Inspire Investing LLC increased its position in shares of Green Brick Partners by 3.7% in the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock valued at $351,000 after buying an additional 221 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Green Brick Partners by 20.9% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after buying an additional 305 shares in the last quarter. Kendall Capital Management lifted its position in shares of Green Brick Partners by 1.8% during the 2nd quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 315 shares in the last quarter. Finally, Security National Bank lifted its position in shares of Green Brick Partners by 0.5% during the 2nd quarter. Security National Bank now owns 74,016 shares of the financial services provider’s stock valued at $4,237,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Price Performance

Green Brick Partners stock opened at $69.45 on Friday. Green Brick Partners, Inc. has a 52-week low of $46.61 and a 52-week high of $84.66. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.02 and a beta of 1.83. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $77.13 and a 200-day simple moving average of $68.16.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GRBK. B. Riley upped their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wedbush restated a “neutral” rating and set a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.