KLP Kapitalforvaltning AS Purchases Shares of 19,200 Forestar Group Inc. (NYSE:FOR)

KLP Kapitalforvaltning AS bought a new position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,200 shares of the oil and gas exploration company's stock, valued at approximately $498,000.

A number of other large investors have also recently added to or reduced their stakes in FOR. Point72 DIFC Ltd acquired a new stake in shares of Forestar Group in the third quarter worth $32,000. R Squared Ltd bought a new position in Forestar Group in the 4th quarter worth $95,000. Heck Capital Advisors LLC acquired a new position in Forestar Group during the 4th quarter worth $112,000. SG Americas Securities LLC boosted its holdings in Forestar Group by 43.3% during the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock valued at $148,000 after acquiring an additional 1,731 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Forestar Group by 10.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 35.50% of the company's stock.

Insider Transactions at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of the transaction, the chief executive officer now directly owns 4,300 shares of the company's stock, valued at approximately $99,502. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FOR shares. JPMorgan Chase & Co. cut their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Citigroup cut their price target on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

Forestar Group Stock Performance

FOR traded down $1.57 on Tuesday, hitting $19.19. 394,246 shares of the stock traded hands, compared to its average volume of 182,169. The business has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $26.62. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $972.45 million, a PE ratio of 5.38 and a beta of 1.53. Forestar Group Inc. has a 52 week low of $19.00 and a 52 week high of $40.79.

Forestar Group (NYSE:FOR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. The business's revenue for the quarter was down 18.1% compared to the same quarter last year. On average, research analysts predict that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.