Price T Rowe Associates Inc. MD Grows Stock Position in 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% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 565,256 shares of the financial services provider's stock after purchasing an additional 36,239 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.27% of Green Brick Partners worth $31,932,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC lifted its position in Green Brick Partners by 758.8% during 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. purchased a new stake in shares of Green Brick Partners during the 4th quarter valued at $57,000. Nisa Investment Advisors LLC boosted its position in shares of 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 worth $79,000 after purchasing an additional 289 shares in the last quarter. Covestor Ltd grew its stake 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 buying an additional 1,569 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased 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 valued at $96,000 after buying an additional 1,149 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK traded down $0.80 during trading hours on Tuesday, reaching $58.74. 45,834 shares of the company traded hands, compared to its average volume of 375,807. 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 business has a fifty day moving average price of $58.04 and a 200-day moving average price of $61.95. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The stock has a market capitalization of $2.61 billion, a P/E ratio of 7.65 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share 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%. During the same period in the previous year, the company posted $1.82 EPS. The business's revenue was up 11.2% on a year-over-year basis. Equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush restated a "neutral" rating and set 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.