Allspring Global Investments Holdings LLC Acquires 30,859 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 79.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,736 shares of the financial services provider’s stock after acquiring an additional 30,859 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.15% of Green Brick Partners worth $3,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GRBK. Koss Olinger Consulting LLC grew its position in shares of Green Brick Partners by 2.2% in the 1st quarter. Koss Olinger Consulting LLC now owns 10,670 shares of the financial services provider’s stock valued at $374,000 after buying an additional 232 shares during the last quarter. Cavalier Investments LLC increased its position in shares of Green Brick Partners by 3.7% during the third quarter. Cavalier Investments LLC now owns 9,804 shares of the financial services provider’s stock worth $407,000 after buying an additional 350 shares during the period. Jennison Associates LLC raised its stake in Green Brick Partners by 2.2% during the third quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider’s stock worth $742,000 after buying an additional 381 shares during the last quarter. US Bancorp DE lifted its stake in shares of Green Brick Partners by 345.6% in the 2nd quarter. US Bancorp DE now owns 557 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 432 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Green Brick Partners by 5.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 8,803 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 476 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Trading Up 0.9 %

NASDAQ GRBK opened at $52.42 on Friday. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $55.86 and a 200 day simple moving average of $50.38. Green Brick Partners, Inc. has a 12 month low of $35.62 and a 12 month high of $61.62. The firm has a market capitalization of $2.36 billion, a P/E ratio of 8.54 and a beta of 1.71.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Friday, March 1st. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.09). Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The firm had revenue of $450.38 million during the quarter, compared to analysts’ expectations of $478.10 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of Green Brick Partners stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $52.41 per share, with a total value of $52,410.00. Following the completion of the acquisition, the director now directly owns 87,063 shares in the company, valued at approximately $4,562,971.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 44.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GRBK shares. B. Riley increased their target price on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Finally, Wedbush reiterated a “neutral” rating and set a $45.00 price objective on shares of Green Brick Partners in a report on Friday, March 1st.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.