Principal Financial Group Inc. Purchases 5,375 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,135 shares of the financial services provider’s stock after purchasing an additional 5,375 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of Green Brick Partners worth $9,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kendall Capital Management lifted its stake in Green Brick Partners by 1.5% during the 1st quarter. Kendall Capital Management now owns 17,323 shares of the financial services provider’s stock valued at $1,010,000 after acquiring an additional 255 shares in the last quarter. Bank of Montreal Can lifted its stake in Green Brick Partners by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 310 shares in the last quarter. Vista Finance LLC lifted its stake in Green Brick Partners by 8.1% during the 1st quarter. Vista Finance LLC now owns 5,007 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 374 shares in the last quarter. TBH Global Asset Management LLC raised its stake in shares of Green Brick Partners by 5.9% during the 1st quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 496 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 645 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Green Brick Partners in a research note on Monday, June 30th. They set a “neutral” rating and a $62.00 target price on the stock.

Green Brick Partners Trading Down 0.3%

NASDAQ GRBK opened at $66.64 on Tuesday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.65 and a beta of 1.85. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The business’s fifty day moving average is $61.42 and its 200-day moving average is $59.41.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the prior year, the firm earned $1.82 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.