Northern Trust Corp Boosts Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Northern Trust Corp boosted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 345,661 shares of the financial services provider’s stock after buying an additional 19,752 shares during the period. Northern Trust Corp’s holdings in Green Brick Partners were worth $19,526,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Green Brick Partners by 206.5% during the 3rd quarter. Barclays PLC now owns 57,432 shares of the financial services provider’s stock valued at $4,796,000 after acquiring an additional 38,695 shares during the last quarter. Principal Financial Group Inc. lifted its position in Green Brick Partners by 15.3% during the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock valued at $13,260,000 after purchasing an additional 21,012 shares during the last quarter. Argent Capital Management LLC grew its stake in shares of Green Brick Partners by 32.6% in the 4th quarter. Argent Capital Management LLC now owns 26,315 shares of the financial services provider’s stock worth $1,487,000 after buying an additional 6,467 shares in the last quarter. Lakewood Asset Management LLC increased its holdings in shares of Green Brick Partners by 2.4% in the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider’s stock worth $467,000 after buying an additional 193 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Green Brick Partners during the 4th quarter valued at about $1,599,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $63.06 on Wednesday. The business’s 50 day moving average price is $58.10 and its 200-day moving average price is $61.40. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The company has a market cap of $2.77 billion, a P/E ratio of 8.19 and a beta of 1.94. 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) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.82 EPS. Green Brick Partners’s revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners Company 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.