Cavalier Investments LLC Increases Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cavalier Investments LLC lifted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,605 shares of the financial services provider’s stock after buying an additional 690 shares during the quarter. Cavalier Investments LLC’s holdings in Green Brick Partners were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GRBK. Vanguard Group Inc. raised its stake 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 purchasing an additional 307,304 shares during the period. Annex Advisory Services LLC purchased a new position in Green Brick Partners during the second quarter worth approximately $10,687,000. Assenagon Asset Management S.A. raised its stake in Green Brick Partners by 206.8% during the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after purchasing an additional 164,840 shares during the period. Marshall Wace LLP raised its stake in Green Brick Partners by 195.3% during the second quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after purchasing an additional 110,680 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Green Brick Partners by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock worth $5,746,000 after purchasing an additional 73,506 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. B. Riley raised their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wedbush reissued a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $74.96 on Monday. The company’s fifty day simple moving average is $78.58 and its 200-day simple moving average is $66.41. The company has a market cap of $3.37 billion, a PE ratio of 11.37 and a beta of 1.80. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $84.66. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.55. The business had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The business’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.35 EPS for the current 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.