Principal Financial Group Inc. Grows Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. lifted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 15.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,760 shares of the financial services provider’s stock after purchasing an additional 21,012 shares during the period. Principal Financial Group Inc. owned 0.36% of Green Brick Partners worth $13,260,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Inspire Investing LLC lifted its holdings in Green Brick Partners by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after buying an additional 221 shares during the period. GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 305 shares in the last quarter. Kendall Capital Management lifted its stake in Green Brick Partners by 1.8% in the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 315 shares during the period. Blue Trust Inc. boosted its holdings in Green Brick Partners by 43.6% in the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 347 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Green Brick Partners during the 3rd quarter valued at $29,000. 78.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Stock Down 2.1 %

Shares of NASDAQ:GRBK opened at $56.44 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 7.33 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock has a 50 day moving average price of $68.63 and a 200-day moving average price of $70.22. Green Brick Partners, Inc. has a 52-week low of $48.38 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate 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%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 EPS. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Green Brick Partners 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.