Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 49.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,798 shares of the financial services provider’s stock after acquiring an additional 2,577 shares during the period. Creative Planning’s holdings in Green Brick Partners were worth $651,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lakewood Asset Management LLC lifted its position in Green Brick Partners by 2.2% during the second quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock worth $431,000 after buying an additional 160 shares during the period. Inspire Investing LLC grew its stake in Green Brick Partners by 3.7% during the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 221 shares in the last quarter. TBH Global Asset Management LLC grew its stake in Green Brick Partners by 3.2% during the 1st quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 279 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Green Brick Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 288 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 305 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GRBK shares. Wedbush reissued a “neutral” rating and issued a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley boosted their price objective on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $68.51 on Monday. Green Brick Partners, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $84.66. The business has a 50-day moving average of $78.37 and a two-hundred day moving average of $66.97. The stock has a market capitalization of $3.05 billion, a P/E ratio of 8.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.87.

Green Brick Partners (NASDAQ:GRBK) last posted 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 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 prior year, the firm posted $1.56 EPS. Green Brick Partners’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities research analysts predict that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

About Green Brick Partners

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.