Legal & General Group Plc Makes New $5.45 Million Investment in Green Brick Partners, Inc. $GRBK

Key Points

• Legal & General Group Plc purchased 68,378 shares of Green Brick Partners worth approximately $5.45 million, joining other institutional investors that helped bring institutional ownership to 78.24%.
• Green Brick Partners earned $1.70 per share in its latest quarter, beating the $1.39 analyst consensus, although revenue declined 10.1% year over year.
• The stock opened at $70.50, down 0.7%, while analysts maintained a consensus “Hold” rating. The company has a $3.03 billion market capitalization and trades at a P/E ratio of 9.16.

Legal & General Group Plc purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,378 shares of the financial services provider's stock, valued at approximately $5,454,000. Legal & General Group Plc owned approximately 0.16% of Green Brick Partners at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in shares of Green Brick Partners during the 1st quarter worth $870,000. Dimensional Fund Advisors LP raised its position in Green Brick Partners by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider's stock valued at $113,529,000 after purchasing an additional 104,774 shares in the last quarter. Kendall Capital Management bought a new position in shares of Green Brick Partners in the 2nd quarter valued at $2,204,000. BlackRock Inc. bought a new stake in shares of Green Brick Partners during the 2nd quarter worth $389,594,000. Finally, Deutsche Bank AG acquired a new stake in Green Brick Partners in the second quarter valued at about $2,654,000. Institutional investors and hedge funds own 78.24% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citizens Jmp reissued a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners currently has a consensus rating of "Hold".

Green Brick Partners Stock Down 0.7%

Shares of NASDAQ GRBK opened at $70.50 on Friday. The company's 50 day moving average price is $72.97 and its 200-day moving average price is $70.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The company has a market capitalization of $3.03 billion, a P/E ratio of 9.16 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The business's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 earnings per share. Equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc NASDAQ: GRBK is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.

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