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

Northern Trust Corp increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

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

Green Brick Partners Stock Up 2.0%

NASDAQ GRBK traded up $1.23 during trading on Friday, reaching $63.01. 235,539 shares of the company's stock were exchanged, compared to its average volume of 373,287. The firm has a market capitalization of $2.77 billion, a PE ratio of 8.18 and a beta of 1.94. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The company's fifty day simple moving average is $58.14 and its 200-day simple moving average is $61.21.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

About Green Brick Partners

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.