Forestar Group Inc. (NYSE:FOR) CEO Acquires $99,502.00 in Stock

Forestar Group Inc. (NYSE:FOR - Get Free Report) CEO Anthony W. Oxley purchased 4,300 shares of Forestar Group stock in a transaction on Friday, February 14th. The stock was bought at an average cost of $23.14 per share, with a total value of $99,502.00. Following the completion of the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Forestar Group Trading Down 1.1 %

Shares of Forestar Group stock traded down $0.26 on Friday, hitting $22.79. 161,555 shares of the company's stock traded hands, compared to its average volume of 183,619. Forestar Group Inc. has a one year low of $22.42 and a one year high of $40.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.38 and a beta of 1.72. The company has a fifty day moving average of $24.82 and a two-hundred day moving average of $28.66.

Forestar Group (NYSE:FOR - Get Free Report) last posted its 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 business had revenue of $250.40 million during the quarter, compared to analysts' expectations of $318.00 million. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, sell-side analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current year.

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Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Forestar Group from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Citigroup dropped their price objective on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, January 23rd.

Institutional Trading of Forestar Group

Several large investors have recently modified their holdings of FOR. Point72 DIFC Ltd purchased a new position in Forestar Group during the third quarter valued at $32,000. Lazard Asset Management LLC purchased a new position in shares of Forestar Group in the 4th quarter worth about $38,000. nVerses Capital LLC boosted its stake in Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company's stock worth $39,000 after purchasing an additional 1,000 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Forestar Group during the 4th quarter valued at about $76,000. Finally, R Squared Ltd bought a new stake in Forestar Group during the 4th quarter valued at about $95,000. 35.50% of the stock is owned by institutional investors.

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.