Green Brick Partners, Inc. $GRBK Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 51.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,020 shares of the financial services provider’s stock after purchasing an additional 14,300 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Green Brick Partners worth $2,642,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Green Brick Partners by 56.7% in the first quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider’s stock valued at $26,471,000 after buying an additional 164,273 shares in the last quarter. Granahan Investment Management LLC acquired a new position in shares of Green Brick Partners in the 1st quarter worth $6,695,000. Allianz Asset Management GmbH raised its position in shares of Green Brick Partners by 171.7% during the second quarter. Allianz Asset Management GmbH now owns 131,310 shares of the financial services provider’s stock worth $8,257,000 after purchasing an additional 82,981 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Green Brick Partners by 16.3% during the second quarter. Annex Advisory Services LLC now owns 546,427 shares of the financial services provider’s stock valued at $34,359,000 after purchasing an additional 76,472 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Green Brick Partners in the 1st quarter valued at $4,333,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Trading Down 2.0%

NASDAQ:GRBK opened at $64.41 on Tuesday. The stock has a market cap of $2.81 billion, a PE ratio of 8.36 and a beta of 2.00. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $77.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock’s 50-day moving average is $66.53 and its two-hundred day moving average is $66.14.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.48 by $0.29. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the company earned $1.98 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on Green Brick Partners in a report on Monday, December 1st. They set a “neutral” rating on the stock. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $66.00.

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.