Thrivent Financial for Lutherans Acquires 3,222 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Thrivent Financial for Lutherans lifted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 15.4% during the third quarter, Holdings Channel reports. The fund owned 24,110 shares of the financial services provider’s stock after buying an additional 3,222 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Green Brick Partners were worth $2,014,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GRBK. Vanguard Group Inc. raised its holdings in 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 during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Green Brick Partners by 5.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,309 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 1,402 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Green Brick Partners during the first quarter worth $377,000. Price T Rowe Associates Inc. MD raised its holdings in Green Brick Partners by 6.8% during the first 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. Finally, Janus Henderson Group PLC raised its holdings in Green Brick Partners by 3.4% during the first quarter. Janus Henderson Group PLC now owns 28,336 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 942 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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 restated a “neutral” rating and set a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $71.33 on Friday. Green Brick Partners, Inc. has a 1 year low of $46.61 and a 1 year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 9.26 and a beta of 1.83. The company has a fifty day moving average price of $76.08 and a 200-day moving average price of $68.97.

Green Brick Partners (NASDAQ:GRBK) last posted its 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 $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same quarter in the previous year, the company earned $1.56 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, equities research analysts predict that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal 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.