Price T Rowe Associates Inc. MD Acquires 36,239 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Price T Rowe Associates Inc. MD boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 565,256 shares of the financial services provider's stock after acquiring an additional 36,239 shares during the period. Price T Rowe Associates Inc. MD owned 1.27% of Green Brick Partners worth $31,932,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GRBK. Sterling Capital Management LLC lifted 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 worth $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Green Brick Partners in the 4th quarter worth approximately $57,000. Nisa Investment Advisors LLC boosted its holdings in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the period. Covestor Ltd grew its position in shares of 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 valued at $90,000 after purchasing an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased 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 worth $96,000 after purchasing an additional 1,149 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Green Brick Partners Price Performance

Green Brick Partners stock traded down $0.14 during mid-day trading on Monday, hitting $60.07. 147,499 shares of the company traded hands, compared to its average volume of 376,630. The stock has a fifty day moving average price of $58.00 and a 200-day moving average price of $62.12. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 7.81 and a beta of 1.82. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. 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 (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data 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%. During the same quarter in the prior year, the company earned $1.82 EPS. The company's revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal 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.