Lazard Asset Management LLC Boosts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Lazard Asset Management LLC lifted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,286 shares of the financial services provider's stock after acquiring an additional 12,022 shares during the period. Lazard Asset Management LLC owned 0.09% of Green Brick Partners worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GRBK. Sterling Capital Management LLC raised its holdings in Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Green Brick Partners in the 4th quarter valued at about $57,000. Nisa Investment Advisors LLC raised its holdings in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after buying an additional 289 shares during the period. Covestor Ltd raised its holdings in Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,569 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after buying an additional 1,149 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Stock Up 2.0%

Shares of NASDAQ:GRBK opened at $63.01 on Friday. 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 firm has a market capitalization of $2.77 billion, a PE ratio of 8.18 and a beta of 1.94. The firm's 50-day moving average is $58.14 and its two-hundred day moving average is $61.11. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (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 quarter in the previous year, the business earned $1.82 EPS. Green Brick Partners's quarterly revenue was up 11.2% compared to the same quarter last year. Analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current 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.

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