Northern Trust Corp Acquires 19,752 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Northern Trust Corp increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 345,661 shares of the financial services provider's stock after purchasing an additional 19,752 shares during the quarter. Northern Trust Corp owned approximately 0.78% of Green Brick Partners worth $19,526,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in 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 acquiring an additional 645 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Green Brick Partners in the fourth quarter valued at $57,000. Nisa Investment Advisors LLC lifted its stake in Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 289 shares during the last quarter. Covestor Ltd lifted its stake in 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 acquiring an additional 1,569 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in 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 acquiring an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded down $0.77 during mid-day trading on Monday, reaching $62.28. 183,726 shares of the company were exchanged, compared to its average volume of 372,490. The company's 50-day simple moving average is $58.20 and its 200-day simple moving average is $61.01. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.74 billion, a P/E ratio of 8.09 and a beta of 1.94. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its 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%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. As a group, research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated a "neutral" rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

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.