The Manufacturers Life Insurance Company Purchases 2,579 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

The Manufacturers Life Insurance Company increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBKFree Report) by 14.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,698 shares of the financial services provider’s stock after buying an additional 2,579 shares during the period. The Manufacturers Life Insurance Company’s holdings in Green Brick Partners were worth $1,185,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GRBK. Vanguard Group Inc. raised its holdings in shares of Green Brick Partners by 12.8% in 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. Dimensional Fund Advisors LP lifted its position in Green Brick Partners by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider’s stock valued at $92,106,000 after purchasing an additional 16,613 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in Green Brick Partners by 0.8% during the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock valued at $42,540,000 after purchasing an additional 6,045 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Green Brick Partners by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock worth $33,834,000 after buying an additional 2,875 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Green Brick Partners by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 511,482 shares of the financial services provider’s stock valued at $30,808,000 after buying an additional 32,373 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Up 3.2 %

Shares of GRBK opened at $79.39 on Friday. 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, Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $84.21. The firm has a 50 day moving average price of $76.53 and a 200-day moving average price of $64.92. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 12.05 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBKGet Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.55. The business had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on GRBK

About Green Brick Partners

(Free Report)

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.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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