Principal Financial Group Inc. Has $9.92 Million Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. raised its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,135 shares of the financial services provider's stock after acquiring an additional 5,375 shares during the quarter. Principal Financial Group Inc. owned approximately 0.38% of Green Brick Partners worth $9,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Green Brick Partners by 758.8% in the fourth 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 last quarter. Covestor Ltd raised its holdings in shares of Green Brick Partners by 10,460.0% in the fourth 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 last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Green Brick Partners by 207.8% in the fourth 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 last quarter. Byrne Asset Management LLC raised its holdings in shares of Green Brick Partners by 50.7% in the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after buying an additional 730 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 36.8% in the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock traded up $1.01 during trading on Wednesday, reaching $64.77. The company's stock had a trading volume of 207,945 shares, compared to its average volume of 328,589. The stock has a 50-day moving average price of $61.76 and a two-hundred day moving average price of $59.55. 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 stock has a market capitalization of $2.85 billion, a P/E ratio of 8.41 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.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings data 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%. Green Brick Partners's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on Green Brick Partners in a report on Monday, June 30th. They issued a "neutral" rating and a $62.00 price target for the company.

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.