Legal & General Group Plc Purchases New Stake in Green Brick Partners, Inc. $GRBK

Legal & General Group Plc purchased a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 68,378 shares of the financial services provider’s stock, valued at approximately $5,454,000.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Green Brick Partners during the second quarter valued at about $389,594,000. Vanguard Group Inc. lifted its position in Green Brick Partners by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock valued at $137,599,000 after acquiring an additional 22,423 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Green Brick Partners by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock valued at $113,529,000 after purchasing an additional 104,774 shares during the last quarter. State Street Corp raised its stake 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 purchasing an additional 43,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Green Brick Partners by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock valued at $36,351,000 after acquiring an additional 2,390 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Price Performance

NASDAQ GRBK opened at $70.50 on Friday. 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 company has a market cap of $3.03 billion, a PE ratio of 9.16 and a beta of 1.80. Green Brick Partners, Inc. has a 52 week low of $60.44 and a 52 week high of $83.18. The firm’s 50-day simple moving average is $72.97 and its two-hundred day simple moving average is $70.33.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.85 earnings per share. Green Brick Partners’s quarterly revenue was down 10.1% compared to the same quarter last year. Research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Green Brick Partners Company Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.