Raymond James & Associates Buys 15,780 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Raymond James & Associates raised its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 47.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,965 shares of the financial services provider’s stock after acquiring an additional 15,780 shares during the period. Raymond James & Associates owned about 0.11% of Green Brick Partners worth $4,090,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GRBK. Vanguard Group Inc. lifted 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 acquiring an additional 307,304 shares in the last quarter. Annex Advisory Services LLC bought a new position in Green Brick Partners during the 2nd quarter valued at $10,687,000. Marshall Wace LLP lifted its stake in Green Brick Partners by 195.3% during the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock valued at $9,580,000 after acquiring an additional 110,680 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Green Brick Partners by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock valued at $5,746,000 after purchasing an additional 73,506 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Green Brick Partners by 83.0% during the 1st quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock valued at $5,258,000 after purchasing an additional 39,601 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley raised their target price on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Trading Down 0.7 %

Shares of GRBK opened at $68.51 on Friday. The business has a 50-day moving average of $78.37 and a 200 day moving average of $66.87. Green Brick Partners, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $84.66. The firm has a market cap of $3.05 billion, a P/E ratio of 8.90 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 26.06% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. During the same period last year, the business posted $1.56 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. As a group, research analysts forecast that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

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.