Louisiana State Employees Retirement System Purchases 2,100 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Louisiana State Employees Retirement System boosted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,800 shares of the financial services provider’s stock after buying an additional 2,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Green Brick Partners were worth $1,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Green Brick Partners by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Green Brick Partners by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider’s stock worth $92,106,000 after purchasing an additional 16,613 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in Green Brick Partners by 0.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock worth $42,540,000 after purchasing an additional 6,045 shares in the last quarter. American Century Companies Inc. raised its holdings in Green Brick Partners by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock worth $33,834,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 purchasing an additional 32,373 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GRBK has been the subject of several research reports. B. Riley upped 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 price target (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

Green Brick Partners Stock Down 0.9 %

Shares of Green Brick Partners stock opened at $68.39 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87. The company has a 50-day moving average of $78.60 and a 200 day moving average of $66.78. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 8.88 and a beta of 1.80. Green Brick Partners, Inc. has a 1 year low of $42.10 and a 1 year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.10). The business had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a return on equity of 26.06% and a net margin of 17.70%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 earnings per share. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Green Brick Partners 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.