LSV Asset Management Has $3.96 Million Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

LSV Asset Management trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,200 shares of the financial services provider’s stock after selling 10,000 shares during the period. LSV Asset Management owned about 0.17% of Green Brick Partners worth $3,958,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GRBK. Vanguard Group Inc. raised its holdings in shares of Green Brick Partners by 10.1% in the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock valued at $89,926,000 after purchasing an additional 199,471 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Green Brick Partners by 123.1% in the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider’s stock valued at $6,197,000 after acquiring an additional 82,384 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Green Brick Partners in the 3rd quarter valued at about $1,229,000. GAMMA Investing LLC bought a new stake in Green Brick Partners in the fourth quarter valued at approximately $60,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Green Brick Partners by 155.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock worth $6,616,000 after acquiring an additional 96,923 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GRBK has been the subject of a number of research analyst reports. Wedbush restated a “neutral” rating and set a $49.00 price objective on shares of Green Brick Partners in a report on Thursday, May 2nd. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Finally, B. Riley lifted their price target on shares of Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd.

Green Brick Partners Stock Performance

GRBK opened at $55.74 on Thursday. The firm has a market cap of $2.50 billion, a P/E ratio of 8.46 and a beta of 1.73. The business’s fifty day moving average is $55.78 and its 200-day moving average is $51.81. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $61.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31. The firm had revenue of $447.34 million for the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. Sell-side analysts expect that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chief financial officer now directly owns 52,116 shares in the company, valued at $2,958,625.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chief financial officer now owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard S. Press purchased 1,474 shares of Green Brick Partners stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $57,440. The disclosure for this purchase can be found here. Insiders have bought 3,474 shares of company stock valued at $188,917 over the last three months. 44.40% of the stock is owned by insiders.

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.