Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,848 shares of the financial services provider’s stock after buying an additional 2,365 shares during the period. Argent Capital Management LLC’s holdings in Green Brick Partners were worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after buying an additional 307,304 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Green Brick Partners by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider’s stock valued at $92,106,000 after buying an additional 16,613 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Green Brick Partners by 0.8% during the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock valued at $42,540,000 after purchasing an additional 6,045 shares during the period. American Century Companies Inc. boosted its holdings in Green Brick Partners by 0.5% in the second quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock valued at $33,834,000 after purchasing an additional 2,875 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Green Brick Partners by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 511,482 shares of the financial services provider’s stock worth $30,808,000 after buying an additional 32,373 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley increased their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wedbush reiterated a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Up 1.4 %

Shares of NASDAQ GRBK traded up $1.09 during mid-day trading on Thursday, reaching $77.24. 54,604 shares of the company traded hands, compared to its average volume of 388,250. The company’s fifty day moving average is $78.41 and its two-hundred day moving average is $66.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. Green Brick Partners, Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $84.66. The stock has a market cap of $3.47 billion, a PE ratio of 11.55 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.55. The company had revenue of $560.63 million during the quarter, compared to analysts’ expectations of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. Green Brick Partners’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. On average, analysts expect that Green Brick Partners, Inc. will post 8.35 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.