24,479 Shares in Forestar Group Inc. (NYSE:FOR) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,479 shares of the oil and gas exploration company's stock, valued at approximately $634,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Forestar Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 473,883 shares of the oil and gas exploration company's stock valued at $12,286,000 after purchasing an additional 2,038 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Forestar Group by 12.2% during the fourth quarter. Heartland Advisors Inc. now owns 392,600 shares of the oil and gas exploration company's stock worth $10,176,000 after acquiring an additional 42,600 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Forestar Group by 77.3% in the 4th quarter. JPMorgan Chase & Co. now owns 134,238 shares of the oil and gas exploration company's stock worth $3,479,000 after buying an additional 58,525 shares during the period. LPL Financial LLC grew its holdings in Forestar Group by 3.5% during the 4th quarter. LPL Financial LLC now owns 124,182 shares of the oil and gas exploration company's stock worth $3,219,000 after acquiring an additional 4,161 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Forestar Group in the fourth quarter worth approximately $498,000. Institutional investors own 35.50% of the company's stock.

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Forestar Group Price Performance

Shares of FOR stock traded down $0.45 during trading hours on Wednesday, hitting $18.79. 101,010 shares of the company's stock were exchanged, compared to its average volume of 207,275. The firm has a 50 day moving average of $21.72 and a two-hundred day moving average of $26.13. Forestar Group Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $37.21. The firm has a market cap of $952.18 million, a P/E ratio of 5.26 and a beta of 1.53. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR - Get Free Report) last announced 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). The firm had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group's quarterly revenue was down 18.1% compared to the same quarter last year. Sell-side analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Forestar Group Company Profile

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.