Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,486 shares of the financial services provider’s stock after selling 673 shares during the period. Voya Investment Management LLC’s holdings in Green Brick Partners were worth $536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its holdings in Green Brick Partners by 206.5% during the third quarter. Barclays PLC now owns 57,432 shares of the financial services provider’s stock worth $4,796,000 after buying an additional 38,695 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Green Brick Partners by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock worth $13,260,000 after acquiring an additional 21,012 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Green Brick Partners by 2.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider’s stock worth $12,457,000 after acquiring an additional 4,811 shares during the period. Argent Capital Management LLC increased its stake in Green Brick Partners by 32.6% in the 4th quarter. Argent Capital Management LLC now owns 26,315 shares of the financial services provider’s stock valued at $1,487,000 after purchasing an additional 6,467 shares in the last quarter. Finally, Lakewood Asset Management LLC raised its holdings in Green Brick Partners by 2.4% during the fourth quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 193 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and issued a $70.00 price target on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners Trading Down 0.8 %

Shares of GRBK opened at $60.12 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 7.81 and a beta of 1.94. The firm has a 50 day simple moving average of $58.04 and a 200-day simple moving average of $61.68.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. Equities analysts forecast that Green Brick Partners, Inc. will post 8.34 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.