HighTower Advisors LLC Increases Stake in Green Brick Partners, Inc. $GRBK

HighTower Advisors LLC lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 22.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,780 shares of the financial services provider’s stock after buying an additional 9,513 shares during the quarter. HighTower Advisors LLC’s holdings in Green Brick Partners were worth $4,144,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Green Brick Partners in the second quarter worth $389,594,000. California State Teachers Retirement System grew its stake in shares of Green Brick Partners by 8,635.0% during the second quarter. California State Teachers Retirement System now owns 2,659,809 shares of the financial services provider’s stock valued at $212,891,000 after buying an additional 2,629,359 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Green Brick Partners by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock valued at $113,529,000 after buying an additional 104,774 shares during the last quarter. State Street Corp increased its holdings in shares of Green Brick Partners by 3.0% in the fourth quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after buying an additional 43,954 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Green Brick Partners by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after buying an additional 2,390 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Green Brick Partners Stock Up 1.3%

Shares of Green Brick Partners stock opened at $68.38 on Friday. 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, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.88 and a beta of 1.80. The company’s 50 day moving average price is $71.76 and its 200-day moving average price is $69.98.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter last year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company headquartered in Plano, Texas. The company acquires and develops residential land and builds single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and luxury customers.

Green Brick operates primarily in high-growth markets in North Texas, including the Dallas-Fort Worth metropolitan area, and in the Atlanta, Georgia, region. Its homebuilding operations are conducted through several brands, including Trophy Signature Homes, CB JENI Homes, Normandy Homes and Southgate Homes.