Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 138.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,829 shares of the financial services provider’s stock after purchasing an additional 21,404 shares during the period. Raymond James & Associates’ holdings in Green Brick Partners were worth $1,913,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GRBK. SG Americas Securities LLC grew its holdings in shares of Green Brick Partners by 84.5% during the fourth quarter. SG Americas Securities LLC now owns 12,534 shares of the financial services provider’s stock worth $651,000 after buying an additional 5,740 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Green Brick Partners by 148.8% in the fourth quarter. Whittier Trust Co. now owns 2,508 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,500 shares during the period. Optimum Investment Advisors grew its holdings in shares of Green Brick Partners by 433.3% in the fourth quarter. Optimum Investment Advisors now owns 2,400 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,950 shares during the period. Vanguard Group Inc. boosted its stake in Green Brick Partners by 10.1% during the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock worth $89,926,000 after buying an additional 199,471 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in Green Brick Partners during the third quarter worth about $134,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 2.2 %

Shares of GRBK opened at $52.13 on Thursday. The stock has a market capitalization of $2.34 billion, a PE ratio of 8.49 and a beta of 1.71. Green Brick Partners, Inc. has a 1 year low of $35.62 and a 1 year high of $61.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. The company’s 50-day simple moving average is $55.90 and its 200-day simple moving average is $50.29.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.09). The business had revenue of $450.38 million for the quarter, compared to analyst estimates of $478.10 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Analysts forecast that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Activity at Green Brick Partners

In other news, Director Richard S. Press bought 1,000 shares of Green Brick Partners stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $52.41 per share, with a total value of $52,410.00. Following the completion of the acquisition, the director now directly owns 87,063 shares in the company, valued at $4,562,971.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GRBK. B. Riley increased their target price on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Wedbush reaffirmed a “neutral” rating and set a $45.00 target price on shares of Green Brick Partners in a research note on Friday, March 1st. Finally, StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.