Principal Financial Group Inc. Has $13.26 Million Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,760 shares of the financial services provider's stock after acquiring an additional 21,012 shares during the quarter. Principal Financial Group Inc. owned 0.36% of Green Brick Partners worth $13,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in Green Brick Partners by 3.7% during the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider's stock worth $351,000 after acquiring an additional 221 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock worth $147,000 after purchasing an additional 305 shares in the last quarter. Kendall Capital Management increased its position in shares of Green Brick Partners by 1.8% during the 2nd quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider's stock worth $1,024,000 after purchasing an additional 315 shares in the last quarter. Blue Trust Inc. boosted its position in Green Brick Partners by 43.6% in the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider's stock valued at $95,000 after buying an additional 347 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in Green Brick Partners during the third quarter worth about $29,000. Institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock traded down $1.23 during trading on Friday, reaching $56.44. The company's stock had a trading volume of 315,576 shares, compared to its average volume of 381,881. Green Brick Partners, Inc. has a one year low of $48.38 and a one year high of $84.66. The stock has a 50-day moving average price of $68.63 and a two-hundred day moving average price of $70.34. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.51 billion, a P/E ratio of 7.33 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. Green Brick Partners's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

About Green Brick Partners

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.