Teacher Retirement System of Texas Sells 13,287 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Teacher Retirement System of Texas decreased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,670 shares of the financial services provider's stock after selling 13,287 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Green Brick Partners worth $1,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GRBK. Vanguard Group Inc. increased its position in Green Brick Partners by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider's stock worth $89,926,000 after purchasing an additional 199,471 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Green Brick Partners by 123.1% during the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider's stock worth $6,197,000 after buying an additional 82,384 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Green Brick Partners in the 4th quarter valued at $60,000. Graham Capital Management L.P. acquired a new stake in shares of Green Brick Partners during the 3rd quarter valued at $1,229,000. Finally, Qube Research & Technologies Ltd grew its position in Green Brick Partners by 155.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider's stock worth $6,616,000 after acquiring an additional 96,923 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Trading Down 0.1 %

Shares of GRBK traded down $0.04 during mid-day trading on Friday, reaching $57.43. 382,972 shares of the company were exchanged, compared to its average volume of 365,973. The business has a 50 day simple moving average of $56.22 and a two-hundred day simple moving average of $52.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70. The stock has a market capitalization of $2.58 billion, a PE ratio of 8.71 and a beta of 1.73. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $61.62.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.31. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The firm had revenue of $447.34 million during the quarter, compared to analyst estimates of $440.44 million. During the same quarter last year, the business earned $1.37 EPS. The company's revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Green Brick Partners, Inc. will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the transaction, the director now directly owns 88,063 shares in the company, valued at $4,565,185.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard S. Press bought 1,474 shares of Green Brick Partners stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $57.44 per share, for a total transaction of $84,666.56. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $57,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard S. Press bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the transaction, the director now directly owns 88,063 shares in the company, valued at $4,565,185.92. The disclosure for this purchase can be found here. Insiders bought 3,474 shares of company stock valued at $188,917 over the last quarter. Insiders own 44.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on GRBK shares. Wedbush reissued a "neutral" rating and set a $49.00 price target on shares of Green Brick Partners in a research note on Thursday, May 2nd. B. Riley boosted their target price on shares of Green Brick Partners from $59.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, May 3rd. Finally, StockNews.com downgraded shares of Green Brick Partners from a "buy" rating to a "hold" rating in a research note on Sunday, March 17th.

Green Brick Partners Profile

Green Brick Partners, Inc NYSE: GRBK, the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.