American Century Companies Inc. Buys 59,427 Shares of Forestar Group Inc. (NYSE:FOR)

American Century Companies Inc. raised its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 584,222 shares of the oil and gas exploration company's stock after purchasing an additional 59,427 shares during the period. American Century Companies Inc. owned 1.15% of Forestar Group worth $15,143,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in Forestar Group in the third quarter valued at approximately $32,000. R Squared Ltd bought a new position in shares of Forestar Group in the fourth quarter valued at approximately $95,000. Heck Capital Advisors LLC bought a new position in shares of Forestar Group in the fourth quarter valued at approximately $112,000. SG Americas Securities LLC boosted its position in shares of 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 buying an additional 1,731 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Forestar Group by 10.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock worth $170,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 35.50% of the company's stock.

Forestar Group Stock Performance

NYSE FOR traded up $0.56 on Friday, hitting $21.16. 338,017 shares of the stock traded hands, compared to its average volume of 180,674. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. The business's fifty day moving average is $22.42 and its two-hundred day moving average is $26.91. Forestar Group Inc. has a 12 month low of $20.01 and a 12 month high of $40.79. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 5.93 and a beta of 1.75.

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Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The firm had revenue of $250.40 million for the quarter, compared to the consensus estimate of $318.00 million. The company's revenue for the quarter was down 18.1% on a year-over-year basis. As a group, equities analysts anticipate that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

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 shares were bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now owns 4,300 shares of the company's stock, valued at $99,502. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FOR shares. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Citigroup cut their target price on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

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.