GW&K Investment Management LLC Increases Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

GW&K Investment Management LLC boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,275 shares of the financial services provider's stock after acquiring an additional 7,967 shares during the period. GW&K Investment Management LLC owned about 0.75% of Green Brick Partners worth $19,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Green Brick Partners by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock worth $9,921,000 after acquiring an additional 5,375 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Green Brick Partners during the 1st quarter worth about $371,000. GAMMA Investing LLC grew its holdings in Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after acquiring an additional 138,190 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Green Brick Partners by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 110,320 shares of the financial services provider's stock worth $6,232,000 after acquiring an additional 4,746 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Green Brick Partners by 52.5% during the 4th quarter. Bank of America Corp DE now owns 89,055 shares of the financial services provider's stock worth $5,031,000 after acquiring an additional 30,677 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 target price on the stock.

Green Brick Partners Stock Down 0.5%

Shares of NASDAQ:GRBK traded down $0.33 during trading on Friday, reaching $65.14. The stock had a trading volume of 62,576 shares, compared to its average volume of 291,057. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company has a market capitalization of $2.86 billion, a P/E ratio of 8.46 and a beta of 1.85. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $62.20 and its 200 day simple moving average is $59.93.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The business's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Green Brick Partners 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.