Green Brick Partners, Inc. (NASDAQ:GRBK) Holdings Increased by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,381 shares of the financial services provider’s stock after acquiring an additional 2,905 shares during the period. New York State Teachers Retirement System’s holdings in Green Brick Partners were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. acquired a new stake in Green Brick Partners in the second quarter worth approximately $48,000. nVerses Capital LLC lifted its holdings in shares of Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its holdings 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 during the period. Grey Fox Wealth Advisors LLC bought a new position in Green Brick Partners during the third quarter valued at about $209,000. Finally, SageView Advisory Group LLC acquired a new position in Green Brick Partners during the first quarter worth about $242,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Trading Up 2.4 %

Shares of NASDAQ GRBK opened at $72.91 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12 month low of $43.44 and a 12 month high of $84.66. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 9.47 and a beta of 1.83. The business has a fifty day simple moving average of $77.71 and a 200-day simple moving average of $67.63.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 earnings per share. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.