Jennison Associates LLC Increases Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Jennison Associates LLC lifted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 19,030 shares of the financial services provider’s stock after purchasing an additional 1,148 shares during the quarter. Jennison Associates LLC’s holdings in Green Brick Partners were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of GRBK. Pacer Advisors Inc. raised its stake in shares of Green Brick Partners by 76.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock worth $65,103,000 after purchasing an additional 543,450 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Green Brick Partners by 10.1% in the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock worth $89,926,000 after purchasing an additional 199,471 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Green Brick Partners by 30.7% in the third quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after purchasing an additional 99,240 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Green Brick Partners by 155.2% in the third quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock worth $6,616,000 after purchasing an additional 96,923 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Green Brick Partners by 123.1% during the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider’s stock valued at $6,197,000 after acquiring an additional 82,384 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Stock Up 2.1 %

Shares of GRBK stock opened at $55.59 on Friday. The stock has a 50 day moving average of $55.85 and a 200 day moving average of $50.85. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.50 billion, a P/E ratio of 9.05 and a beta of 1.71. Green Brick Partners, Inc. has a twelve month low of $35.62 and a twelve month high of $61.62.

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

Insider Buying and Selling at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press acquired 1,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the acquisition, the director now owns 88,063 shares in the company, valued at $4,565,185.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GRBK shares. B. Riley lifted their price target on Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Wedbush reiterated a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a research report on Friday, March 1st. Finally, StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report 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.