Mutual of America Capital Management LLC Boosts Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Mutual of America Capital Management LLC increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,617 shares of the financial services provider’s stock after acquiring an additional 481 shares during the period. Mutual of America Capital Management LLC’s holdings in Green Brick Partners were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRBK. Vanguard Group Inc. raised its stake in Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after buying an additional 307,304 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Green Brick Partners by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider’s stock valued at $92,106,000 after buying an additional 16,613 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Green Brick Partners by 0.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock valued at $42,540,000 after buying an additional 6,045 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Green Brick Partners by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock valued at $33,834,000 after acquiring an additional 2,875 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Green Brick Partners by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 511,482 shares of the financial services provider’s stock worth $30,808,000 after acquiring an additional 32,373 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. B. Riley lifted 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. Wedbush reiterated a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Price Performance

GRBK stock opened at $71.33 on Thursday. The stock has a market cap of $3.17 billion, a PE ratio of 9.38 and a beta of 1.83. The company has a 50-day moving average price of $76.27 and a 200 day moving average price of $68.96. Green Brick Partners, Inc. has a 12 month low of $46.61 and a 12 month high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results 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 company had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

About Green Brick Partners

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.