Green Brick Partners, Inc. (NASDAQ:GRBK) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,760 shares of the financial services provider’s stock after buying an additional 6,000 shares during the period. Principal Financial Group Inc. owned 0.37% of Green Brick Partners worth $9,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GRBK. Creative Planning grew its position in shares of Green Brick Partners by 49.4% during the 3rd quarter. Creative Planning now owns 7,798 shares of the financial services provider’s stock valued at $651,000 after buying an additional 2,577 shares during the last quarter. Raymond James & Associates grew its position in shares of Green Brick Partners by 47.6% during the 3rd quarter. Raymond James & Associates now owns 48,965 shares of the financial services provider’s stock valued at $4,090,000 after buying an additional 15,780 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Green Brick Partners by 16.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the financial services provider’s stock valued at $1,236,000 after buying an additional 2,100 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Green Brick Partners by 18.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider’s stock valued at $1,463,000 after buying an additional 2,744 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Green Brick Partners by 30.7% during the 3rd quarter. New York State Teachers Retirement System now owns 12,381 shares of the financial services provider’s stock valued at $1,034,000 after buying an additional 2,905 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Down 2.4 %

Green Brick Partners stock opened at $59.75 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. The firm has a 50-day moving average price of $58.65 and a two-hundred day moving average price of $68.85. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 7.76 and a beta of 1.84. Green Brick Partners, Inc. has a 52-week low of $50.67 and a 52-week high of $84.66.

Analyst Ratings Changes

A number of research analysts have issued reports on GRBK shares. Wedbush reissued a “neutral” rating and set a $70.00 target price on shares of Green Brick Partners in a research note on Friday. JMP Securities reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.