Principal Financial Group Inc. Increases Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. raised its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,760 shares of the financial services provider's stock after buying an additional 6,000 shares during the quarter. Principal Financial Group Inc. owned approximately 0.37% of Green Brick Partners worth $9,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GRBK. Vista Finance LLC acquired a new stake in Green Brick Partners in the 4th quarter valued at about $262,000. New York State Teachers Retirement System lifted its stake in shares of Green Brick Partners by 4.3% during the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock valued at $729,000 after buying an additional 528 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Green Brick Partners during the fourth quarter worth approximately $226,000. WCM Investment Management LLC purchased a new stake in Green Brick Partners in the 4th quarter worth approximately $8,053,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Green Brick Partners by 22.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 31,800 shares of the financial services provider's stock valued at $1,796,000 after acquiring an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Trading Up 1.6 %

Shares of NASDAQ GRBK traded up $0.95 during midday trading on Tuesday, hitting $59.56. The stock had a trading volume of 266,091 shares, compared to its average volume of 313,722. The company has a fifty day moving average price of $58.71 and a 200 day moving average price of $68.70. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.74 and a beta of 1.84. Green Brick Partners, Inc. has a 1-year low of $51.12 and a 1-year high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wedbush reissued a "neutral" rating and issued a $70.00 target price on shares of Green Brick Partners in a research report on Friday. JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.