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

New York State Teachers Retirement System raised its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 30.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,381 shares of the financial services provider’s stock after purchasing 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 SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 during the period. Salem Investment Counselors Inc. boosted its stake 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 during the period. American Century Companies Inc. grew its holdings 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Green Brick Partners by 6.8% in the first 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 during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Performance

Shares of GRBK opened at $72.91 on Friday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 9.47 and a beta of 1.83. The company’s fifty day moving average is $77.71 and its 200-day moving average is $67.63. 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.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley lifted their price objective 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. Wedbush reaffirmed a “neutral” rating and set a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

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.